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Upstairs Company has the following data: Month Budgeted Sales Jan $108,000 Feb 132,000 March 144,000 April 120,000 The Gross profit rate is 40% of sales
Upstairs Company has the following data:
Month Budgeted Sales
Jan $108,000
Feb 132,000
March 144,000
April 120,000
The Gross profit rate is 40% of sales and ending inventory at december 31 was 19,440. Desired ending inventory levels are 30% of next month's sales at cost. What are the expected total purchases for February?
A) 79,200
B) 81,360
C) 102,960
D) 105,120
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