Assessment 4: (Algo) Metro, Inc. sells backpacks. The Company's... LO 14-3 Metro, Incsells backpacks. The Company's accountant is preparing the purchases bucket for the first quarter operations. Metro maintains ending Inventory at 15% of the following month's expected cost of goods sold Expected cost of goods sold for Aprilis $87,000. March $68,500 Sales Budgeted cost of goods sold Plus: Desiret ending inventory Inventory needed Less: Beginning inventory Required purchases January February $48.500 567,200 10,050 58,550 (9,700) $49,850 Based on this information the total amount of expected purchases for February 15 Saved ! Required information Based on this information the total amount of expected purchases for February is Multiple Choice O $48,850 $71,275. $67,225 O None of the answers is correct