Wally-Mart has budgeted cost of goods sold for March of $50,000 for its men's shorts. Management wants to have $12,000 of shorts in inventory at the...

Wally-Mart has budgeted cost of goods sold for March of $50,000 for its men's shorts. Management wants to have $12,000 of shorts in inventory at the end of the month to prepare for the summer season. Beginning inventory in March was $7,000. What dollar amount of shorts should be purchased to meet the above plans?