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Please show work and write clearly. Thanks! MJ Department Store expects to generate the following sales figures for the next three months: MJ's gross profit

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Please show work and write clearly. Thanks!

MJ Department Store expects to generate the following sales figures for the next three months: MJ's gross profit (margin) rate is 45% of sales dollars. At the end of each month, MJ wants a merchandise inventory balance equal to 30% of the following month's expected sales, stated at cost. What dollar amount of merchandise inventory should MJ plan to purchase in August

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