You want to maintain ending inventory equal to 20% of the next month's budgeted cost of sales. Assume that the Durango Co. held this ending inventory level for the month of September. The budgeted cost of sales for October is $100,000 and the budgeted cost of sales for November is $200,000. 

Calculate the purchases required for the month of October.

Answer rating: 100% (QA)

To calculate the purchases required for the month of October we need to first determine ... View the full answer