A department store has budgeted sales of 12600 mens suits, Ask an Expert

Accounting

A department store has budgeted sales of 12,600 men's suits in September. Management wants to have 6,600 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,600 suits. What is the dollar amount of the purchase of suits? Each suit has a cost of $81.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9951062

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