Porto Assessment 5: (Algo) Metro, Inc. sells backpacks. The Company's... LO 14-3 05 Metro, Inc sells backpacks The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory 10% of the following month's expected cost of goods sold. Expected cost of goods sold for Aprilis S77000. All purchases are made on account with 20% of accounts paid in the month of purchase and the remaining B0% paid in the month following the month of purchase March $63,500 Sales Budgeted cost of goods sold Plus: Desired ending inventory Inventory needed Less: Beginning inventory Required purchases January February $43,500 $57,000 5.70 49,200 (8,700 $40, 580 Based on this infomation the total cast paid in March to settle accounts payable Required information Based on this information the total cash paid in March to settle accounts payable is Multiple Choice $46,120 $12,970. $64.850 $59,090