Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to 15% of the following month's cost of goods sold. January's budgeted cost of goods sold is $110,000. Budgeted Cost of Goods Sold Plus: Desired Ending Inventory Inventory Needed Less: Beginning Inventory October 100,000 12,000 November 80,000 December 90,000 ? ? 112,000 ? ? 15,000 ? ? Required purchases (on Account) 97,000 ? ? What would be the required purchases (on account) for December? Multiple Choice $79,000 $90,000 $93,000 $106,100