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Question 3 Final Exam: Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter

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Question 3 Final Exam: Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first quarter of Year 2 : Desired ending inventory levels are 25% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be: Select one: a. $135,000 b. $165,000 c. $157,500 d. $180,000

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