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O'Hare Company Is in the Process of Preparing a Purchases

question 79

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O'Hare Company is in the process of preparing a purchases budget for the first quarter of Year 2. The company has budgeted sales as follows:  Dec. Year 1 $44,000 Jan. Year 2 $46,500 Feb. Year 2 $51,000 Mar. Year 2$61,500\begin{array} { | l | l r | } \hline \text { Dec. Year 1 } & \$ & 44,000 \\\hline \text { Jan. Year 2 } & \$ & 46,500 \\\hline \text { Feb. Year 2 } & \$ & 51,000 \\\hline \text { Mar. Year } 2 & \$ & 61,500 \\\hline\end{array} Cost of goods sold is expected to be 75% of sales. The company would like to have ending inventory each month equal to 25% of the following month's predicted cost of sales. The total cost of purchases in January Year 2 is:

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Definitions:

Gender Constancy

The understanding that one’s gender remains the same despite changes in appearance or behavior, usually achieved by around age 6 or 7.

Gender-type Activities

Activities often associated with a particular gender based on societal or cultural norms.

Encourage

To give support, confidence, or hope to someone, often motivating them to continue or begin a task or journey.

Mothers

Female parents who have given birth to, adopted, or otherwise serve as the primary female caregiver to a child.

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