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Ruby's Department Store has budgeted cost of goods sold of $43,000 for its men's shorts in March. Management also wants to have $7,500 of men's
Ruby's Department Store has budgeted cost of goods sold of $43,000 for its men's shorts in March. Management also wants to have $7,500 of men's shorts in inventory at the end of March to prepare for the summer season. Beginning inventory of men's shorts for March is expected to be $6,000. What dollar amount of men's shorts should be purchased in March? A. $41,500 B. $56,500 C. $44,500 D. $29,500
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