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Q6. JT Department Store expects to generate the following sales for the next three months: July August September Expected sales ..... $460,000 $580,000 $620.000 JT's cost of goods sold is 40% of sales dollars. At the end of each month, JT wants a merchandise inventory balance equal to 30% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should JT plan to purchase in August? S232,000 S306.400 S236,800 S376,000