The Carey Company buys inventory for $30 each and sells them…
The Carey Company buys inventory for $30 each and sells them for $70 each; the company has the following sales forecast: 600 units for November 900 units for December 700 units for January Ending inventory for each month should be 10% of the next month’s sales. The company had 30 units on hand on November 1st. The company has monthly rent of $2,400 and payroll of $6,800. What dollar amount would appear as purchases in the company’s budgets for December?