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What is the estimated purchases in dollars

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Question 1: For the coming month your company estimates sales to be $100,000 and then increase by 5% for two months more. Assume the beginning inventory for the coming month estimated to be $20,000 and the ending inventory 30% of cost of goods sold, cost of goods sold estimation is 60% of sales, what is the estimated purchases in dollars.

Reference no: EM132501054

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