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Skymont Company wants an ending inventory each month equal to 24% of that month's cost of goods sold. Cost of goods sold for February is

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Skymont Company wants an ending inventory each month equal to 24% of that month's cost of goods sold. Cost of goods sold for February is projected at $89.000. Ending inventory at the end of January was $30,000. Based on this information, purchases for February would be: Multiple Choice $67.540 580,360 599,000 $97640

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