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Upstairs Company has the following data: MonthBudgeted Sales January$112,000 February125,000 March132,000 April120,000 The gross profit rate is 40% of sales and ending inventory at December

Upstairs Company has the following data:

MonthBudgeted Sales

January$112,000

February125,000

March132,000

April120,000

The gross profit rate is 40% of sales and ending inventory at December 31 was $26,325. Desired ending inventory levels are25% of next month's sales at cost. What are the expected total purchases forMarch?

A) $77,400

B) $86,480

C) $100,750

D) $105,575

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