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Question
Coomb's Fashions forecasts sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, budgeted purchases for the fourth quarter should be:A.$134,000.
B.$109,000.
C.$ 91,500.
D.$ 25,000.
E.$ 91,000.
Answer
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