Budgeted purchases for the fourth quarter-forecast sales

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Reference no: EM13152062

Barrett's Fashions forecast sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $32,500. If the December 31 inventory is targeted at $41,500, budgeted purchases for the fourth quarter should be:

A. $134,000

B. $109,000

C. $91,500

D. $25,000

E. $91,000

Reference no: EM13152062

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