Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for February is projected at $45,000. Ending inventory at the end of January was $12,000. Based on this information, purchases for February would be:
A. $46,500.
B. $43,500.
C. $33,000.
D. $31,500.
Answer: A
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