On july 1 the inventory of at barnett shoes was 60000, Financial Accounting

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On july 1 the inventory of at barnett shoes was 60000

On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have an inventory of $105,000 on hand at the beginning of August. Net sales during July are expected to total $70,000, with a gross profit rate of 45%. During July, the company should purchase merchandise costing:

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Financial Accounting: On july 1 the inventory of at barnett shoes was 60000

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