Missouri Shirt Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at $60$ percent of sales. Fabric purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at $20$ percent of sales and are paid during the month of sale. Other operating costs amounting to $25$ percent of sales are to be paid in the month following the month of sales. Missouri Shirt Works is in the process of preparing its budget for next year. Cost of goods sold has been estimated at $60$ percent of sales. Fabric purchases and payments are to be made during the month

preceding the month of sale. Wages are estimated at $20$ percent of sales and are paid during the month of sale. Other operating costs amounting to $25$ percent of sales are to be paid in the month following the

month of sales.

Sales revenue is forecasted as follows:

What is the amount of fabric purchases during the month of March?

Select one:

a$.$ $$300,000$

b$.$ $$480,000$

c$.$ $$288,000$

d$.$ $$270,000$

Sales revenue is forecasted as follows:

Month Sales

February $$440,000$

March $$450,000$

April $$480,000$

May $$500,000$

June $$510,000$

What is the amount of fabric purchases during the month of March?

Select one:

a$.$

$$300,000$

b$.$

$$480,000$

c$.$

$$288,000$

d$.$

$$270,000$