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The Company expects to generate the following sales for the next three months: July August $540,000 September $580,000 Expected sales $490,000 The cost of goods

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The Company expects to generate the following sales for the next three months: July August $540,000 September $580,000 Expected sales $490,000 The cost of goods sold is 50% of sales dollars. At the end of each month, the Company wants a merchandise inventory balance equal to 25% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should the Company plan to purchase in August

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