Help Save & Exit Assessment 3: (Algo) A sales budget has been prepared for... LO 14-3 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 $68,500. Ending inventory at the end of March is expected to be $13,700. Based on this information, what would the amount of purchases be for April? Multiple Choice $70,500 $54 800 $85,625 671975 O a earch 3 ly