Seved Help Save & E UT Assessment 4: (Algo) Metro, Inc. sells backpacks. The Company's... LO 14-3 of 6 aped Metro, Inc. sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 10% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $80,000. Sales January February March Budgeted cost of goods sold $45,000 $60,000 $65,000 Plus: Desired ending inventory 6,000 Inventory needed 51,000 Less: Beginning inventory (9,000) Required purchases $42,000 Ook ences Based on this information the total amount of expected purchases for February is Multiple Choice $42.000 a O there to search 9 lije