Business, 16.04.2020 21:18, cal1805p8uo38

The January 1, 2016 beginning inventory for Everest Supply Company was $290,000. Projections are that sales growth will be strong during 2016, so the company wants to have an ending inventory on December 31, 2016 of $360,000. If net sales for 2016 are projected to be $1,600,000, and the gross profit rate is expected to be 30%, what cost of merchandise should be purchased during 2016?

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The January 1, 2016 beginning inventory for Everest Supply Company was $290,000. Projections are tha...