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Skyline Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for February is
Skyline Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for February is projected at $45,000. Ending inventory at the end of January was $12,000. Based on this information, purchases for February would be:
A. $31,500. B. $46,500. C. $43,500. D. $33,000.
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