Business, 19.04.2021 16:20 loganferg5499

A company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September 30 inventory is $25,000. If the December 31 inventory is targeted at $7,500, budgeted purchases for the fourth quarter should be: (Show work on test paper or separate scanned submission.)

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A company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18%...