Summit Traders wants an ending inventory each month equal to 25% of that month's cost of sales. Cost of sales for March is projected at $120,000. Ending inventory at the end of February was $30,000. Based on this information, purchases for March will be:

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Based on this information purchased for March will be

Summit Traders wants an ending inventory each month equal to 25% of
that month's cost of sales. Cost of sales for March is projected at $120,000.
Ending inventory at the end of February was $30,000. Based on this
information, purchases for March will be:
Transcribed Image Text:Summit Traders wants an ending inventory each month equal to 25% of that month's cost of sales. Cost of sales for March is projected at $120,000. Ending inventory at the end of February was $30,000. Based on this information, purchases for March will be:
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