ABC Company is a brand new company. ABC has budgeted Sales as follows: January February March April $640,000 $768,000 $844,800 $929,280 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 $468,864 5464,640