A sales budget has been prepared for April. Management wants the amount of ending inventory each month to be equal to 25% of that month's cost of goods sold. Cost of goods sold for April is projected at $67,000. Ending inventory at the end of March is expected to be $13,400. Based on this information, what would the amount of purchases be for April? Top of Form Multiple Choice $69,000 $53,600 $83,750 $70,350