Murray electronics sales in May were 2,000 units @ $52 and 2,100 @ $54 in June. Sales projections are as follows: July an increase of 2% from June Sales (the sale price will be the same as June) August 2,200 units @$54 September an increase of 2% from August Sales (the sale price will be the same as August) INVENTORY POLICY Murray inventory policy is to maintain an ending inventory of 40% of next month sales. October Sales are expected to be 2,250 units. Actual inventory is 820 units. Each unit cost is $30. ACCOUNTS PAYABLE POLICY Murray pays 70% of merchandise purchases in cash and the remaining one month later. CALCULATE COST OF MERCHANDISE PURCHASES IN SEPTEMBER PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES DONT USE COMMA SEPARATORS

Murray electronics sales in May were 2,000 units @ $52 and 2,100 @ $54 in June. Sales projections are as follows: July an increase of 2% from June Sales (the sale price will be the same as June) August 2,200 units @ $54 September an increase of 2% from August Sales (the sale price will be the same as August) INVENTORY POLICY Murray inventory policy is to maintain an ending inventory of 40% of next month sales. October Sales are expected to be 2,250 units. Actual inventory is 820 units. Each unit cost is $30. ACCOUNTS PAYABLE POLICY Murray pays 70% of merchandise purchases in cash and the remaining one month later. CALCULATE COST OF MERCHANDISE PURCHASES IN SEPTEMBER PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES DON'T USE COMMA SEPARATORS Numeric Response