48. The Murcer Company has budgeted the following activity for October: Sales of $300,000 all in cash Inventory of finished goods at September 30th is $120,000 The cost of goods sold is 60% of the selling price Planned merchandise inventory at October 31st is $100,000 All purchases were paid for in cashSa30o00 Budgeted inventory purchases for October are: Cos A. $300,000 B. $280,000 $160,000 $152,000 LO-3 - Self-test-C serites c Endl disted soads Ini i l.oo000 ess iished oodsiw: 120 000