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TB MC Qu. 20-103 (Algo) Coomb's Fashions forecasts sales... Coomb's Fashions forecasts sales of $145,000 for the quarter ended December 31. Its gross profit rate

image text in transcribedimage text in transcribed TB MC Qu. 20-103 (Algo) Coomb's Fashions forecasts sales... Coomb's Fashions forecasts sales of $145,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $42,500. If the December 31 inventory is targeted at $51,500, budgeted purchases for this quarter should be: Multiple Choice Multiple Choice $107,000. $154,000. $107,500. $125,000. $29,000

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