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Business, 29.10.2019 07:31 jade468

At the beginning of 2018, england dresses has an inventory of $140,000. however, management wants to reduce the amount of inventory on hand to $80,000 at december 31. if net sales for 2018 are forecast at $400,000 and the gross profit rate is expected to be 40%, compute the cost of the merchandise which management should expect to purchase during 2018. (hint: first compute the expected cost of goods sold.)

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