ventory at 20% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $79,000. Sales Budgeted cost of goods sold Plus: Desired ending inventory Inventory needed Less: Beginning inventory Required purchases January February March $44,500 $59,000 $64,500 11,800 56,300 (8,900) $47,400 Based on this information the total amount of expected purchases for February is