The purchasing manager for a company is attempting to determine how much inventory to purchase for the upcoming month. The following information has been collected: Current inventory......$ 32,000 Budgeted cost of goods sold......$80,000 The manager wishes to end the month with ending inventory of $25,000. How much inventory must the company purchase?

Answer rating: 100% (QA)

OK here are the steps to solve this problem Current ... View the full answer