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Pineview CompanyPineview Company ended the month of March with inventory of $ 26 comma 000$26,000. Pineview CompanyPineview Company expects to end April with inventory of $ 14 comma 000$14,000 after selling goods with a cost of $ 98 comma 000$98,000. How much inventory must Pineview CompanyPineview Company purchase during April in order to accomplish these​ results

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Answer:

$86,000

Explanation:

The computation of the purchase amount held for the month of April is shown below:

Purchase = Budgeted sales + Desired ending inventory - Beginning inventory

where,

Budgeted sales = $98,000

Desired ending inventory = $14,000

And, the beginning inventory = $26,000

So, the purchase amount is

= $98,000 + $14,000 - $26,000

= $86,000

We simply applied the above formula so that the purchase amount could arrive

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