Question
The following is the budgeted sales information for an entity: January February March Sales $91663 $117053 $100025 For the past few years the gross profit
The following is the budgeted sales information for an entity:
| January | February | March |
Sales | $91663 | $117053 | $100025 |
For the past few years the gross profit has steadily been around 32.76%. Operating in Canada means the weather can sometimes get in the way of deliveries. Due to trucks with merchandise sometimes being late at the beginning of the month due to icy roads, the entity prefers to have 22.97% of next months sales held in inventory at the end of every month. What is the budgeted purchases for February?
Select one:
a. 113142
b. 37065
c. 78706
d. 76076
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