Author Question: Lacy's Department Store has budgeted cost of goods sold of $42,000 for its men's suits in March. ... (Read 29 times)

2125004343 · **on:** Jan 4, 2020

Lacy's Department Store has budgeted cost of goods sold of $42,000 for its men's suits in March. Management also wants to have $7,500 of men's suits in inventory at the end of March to prepare for the summer season. Beginning inventory of men's suits for March is expected to be $5,500. What dollar amount of men's suits should be purchased in March?
◦ $29,000
◦ $44,000
◦ $40,000
◦ $55,000

nyrave · **Reply #1 on:** Jan 4, 2020

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