1. A department store has budgeted sales of 11,000 men's suits in March. Management wants to have 7,800 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for $month is expected to be 7,600 suits. What is the dollar amount of purchase of suits? Each suit has a cost of $80.
a. $880,000
b. $796,000
c. $1,488,000
d. $1,504,000
e. $896,000