1. Your Company expects to generate the following sales for the next three months: It's cost of gods sold is 60% of sales dollars. At the end of each month, Your Company wants a merchandise inventory balance equal to 20% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should Your Company purchase in August?

   		$257,400
   		$314,600
   		$352,800
   		$327,800

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