Required: Use the information given below and calculate the purchases of inventory for February (Use the cost of goods sold, inventory and purchases budget for your calculation) Cassy Company forecasts $40 000 of sales in Jangary, $38 000 in February, $30 000 in March, and $32 000 in April. Cost of sales is budgeted at 75% of sales. Cassy should have inventory on hand at the end of each month equal to $5.000 plus 20% of the following month's cost of sales