ABC Company is a brand new company. ABC has budgeted Sales as follows: January February March $844,800 April $929.280 5640,000 $768,000 Cost of Goods Sold is expected to be 55% 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 February. $426,624 $422.400 5468,864 $464,640