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Skymont Company wants an ending inventory each month equal to 22% 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 22% of that month's cost of goods sold. Cost of goods sold for February is projected at $95,000. Ending Inventory at the end of January was $19,000. Based on this information purchases for February would be Multiple Choice $74.100 $96,900 $76,000 Multiple Choice $74.100 $96.900 $76.000 $93 100

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