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 $170,000 Budgeted Cost of Goods Sold Plus: Desired Ending Inventory Inventory Needed October November December 160,000 140,000 150,000 21,000 2 ? 181,000 2 2 24,000 7 157,000 2 Less: Beginning Inventory Required purchases (on Account) What would be the required purchases (on account) for December? Multiple Choice $153.000 $174,500