ABC Company is a brand new company. ABC has budgeted Sales as follows: April January $470,000 February $564,000 March $620,400 $682,440 Cost of Goods Sold is expected to be 30% of Sales and ABC would like to maintain an ending inventory balance equal to 10% of the following month's Cost of Goods Sold. Determine the required purchases for March. $186,120 $187,981 $204,732 $206,593