New Fashion forecasts sales of $310,000 for the quarter ended December 31. The company's gross profit rate averages 20% of sales. Inventory as of September 30 is $110,000. If the December 31^st inventory is targeted at $50,000, budgeted purchases for the quarter should be ?

Answer rating: 100% (QA)

To calculate the budgeted purchases for the quarter you can ... View the full answer