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Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for February

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Skymont 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 $91,000. Ending inventory at the end of January was $17,000. Based on this information, purchases for February would be: Multiple Choice $84,340. $101,300. $67,340. $74,000.

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