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Tony's Fashions forecasts sales of $303,000 for the quarter ended December 31. The company's gross profit rate averages 15% of sales. Inventory as of September

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Tony's Fashions forecasts sales of $303,000 for the quarter ended December 31. The company's gross profit rate averages 15% of sales. Inventory as of September 30 is $103,000. If the December 31st inventory is targeted at $43,000, budgeted purchases for the quarter should be

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