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Lee Retailing Company prices its products by adding 3 0 % to its cost. Lee anticipates sales of $ 5 3 6 , 2 5

Lee Retailing Company prices its products by adding 30% to its cost. Lee anticipates sales of $536,250 in July, $546,000 in August, and $468,000 in September. Lee's policy is to have on hand enough inventory at the end of the month to cover 25% of the next month's sales. What will be the cost of the inventory that Lee should budget for purchase in August?
Select one:
a. $382,200
b. $405,000
c. $420,000
d. $510,000

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