Question $37$

Metro, Incorporated sells backpacks. The Company's accountant is preparing the purchases budget 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 April is $$90,000.$

$\backslash$table$[[,$January,February,March$],[$Budgeted cost of goods sold,$$50,000,$$$70,000,$$$70,000$