30% in the month of the sale 70% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materlals inventory should equal 10% of the following monthis raw materials production needs. The eslimated selling and administrative expense for February is closest to: estimated selling and administrative expense for rebruary is closest to: Multiple Choice $37.200 $107,200 $70,000 $71.470