Question 3 Time: 33 minutes Total: 20 marks A merchandising firm by the name of Star Wars Enterprises, had an inventory of 47,600 units on March 31, and it had gross accounts receivable totaling $86,000. Sales, in units, have been budgeted as follows for the next four months: April 52,000 May 64,000 June 88,000 July 85,000 To be enforced in April, Star Wars board of directors has established a policy that states that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales. The purchase price is $1.78, and the company receives 5% discount for any quantity =