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The purchasing manager for East Coast Hoggs is attempting to determine how much inventory to purchase for the upcoming month. The following information has been collected:

Current inventory $ 32,000 Budgeted cost of goods sold 80,000 $80,000

The manager wishes to end the month with ending inventory of $25,000. How much inventory must the company purchase?

A. $85,0000

B. $82,000

C. $73,000

D. $67,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M948546

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