Q 10

Dorothy, the purchasing head of a small retail store dealing in cases to fit all types of specs, is preparing the budget for August 2024. July records show an ending inventory balance of 600 units, and Thomas, the sales head of the store, gives her a sales estimate of 7600 units for August. Dorothy changes the minimum inventory requirement and makes a policy to maintain an ending inventory of 500 units from August onwards. If the budgeted purchase price per unit is $5.60 and the store successfully adds a purchase discount of 16% for payment within the discounted period, then the budgeted amount of net purchase for August 2024 will be O $37712. O $35280. O $35750. O $33398