The U. S. $20 dollar bill is a commodity Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a because dollars have many uses in the society. b is an incorrect statement. c because the government has decreed that it is a commodity. Your answer d because it can be used to purchase things that are a commodity.

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?