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New Fashion forecasts sales of $309,000 for the quarter ended December 31. The company's gross profit rate averages 15% of sales. Inventory as of September

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New Fashion forecasts sales of $309,000 for the quarter ended December 31. The company's gross profit rate averages 15% of sales. Inventory as of September 30 is $109,000. If the December 31st inventory is targeted at $49,000, budgeted purchases for the quarter should be: Multiple Choice $153,650. $155,350 O O $202,650. $200,000. $262,650

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