question 25

QUESTION 25 Assume a merchandising company's estimated sales for January February, and March are $107.000, 5127.000, and $117,000, respectively. Its cost of goods sold is always 45% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. What are the required merchandise purchases for January? $46,350 357, 150 $49,560 557,050