Question: The store knows its cost complement for all merchandise purchased last year was 0.61; it projects this to remain constant. It expects to begin

The store knows its cost complement for all merchandise purchased last year

The store knows its cost complement for all merchandise purchased last year was 0.61; it projects this to remain constant. It expects to begin and end December with inventory valued at $140,000 at retail and estimates December reductions to be $18,000. The firm already has purchase commitments for December worth $50,000 (at retail). What is the open-to- buy at cost for December?

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