question archive The manager of MN Company give you the following data to prepare the required purchases for the coming three monthsEstimated sales for January$60,000

The manager of MN Company give you the following data to prepare the required purchases for the coming three monthsEstimated sales for January$60,000

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The manager of MN Company give you the following data to prepare the required purchases for the coming three monthsEstimated sales for January$60,000.00Sales increase by5%for the coming three monthsCost of goods sold (CGS)60%of salesBeginning inventory$10,000.00Ending inventory equal to20%of next month CGSEstimated purchases for February should be between1.$33,000.00 and $38,000.002.$38,000.00 and $40,000.003.$40,000.00 and $40,200.004.$40,000.00 and $40,200.00

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