Question 5 Henry Rutgers Merchandising Co has the following information: Month Budgeted Sales January $137.000 February $124.000 March $152000 April $174.000 The gross proftrate is 25% of sales and target ending inventory levels for each month are 15% of the next month's cost of goods sold What is the amount of purchases budgeted for February? 515200 5793350 5150 530150 Previous Next