Skymont Company wants an ending inventory each month equal to 20% of that month's cost of goods sold. Cost of goods sold for February is projected at $93,000. Ending inventory at the end of January was $26,000. Based on this information, purchases for February would be:
A. $100,400.
B. $74,400.
C. $85,600.
D. $67,000.
Answer: C
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