Business, 30.03.2020 23:38 bmr12

"The gross profit rate is 50% of sales and ending inventory at December 31 was $27,500. Desired ending inventory levels are 30% of next month's sales at cost. What are the expected total purchases for February?"

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"The gross profit rate is 50% of sales and ending inventory at December 31 was $27,500. Desired endi...

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