yu) Metro, Inc. sells backpacks. The Company's... LO 14-3 Metro, Inc. sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations Metro maintains ending inventory at 10% of the following month's expected cost of goods sold Expected cost of goods sold for Aprilis $74.000 March $62,eee Sales Budgeted cost of goods sold Plus: Desired ending inventory Inventory needed Less: Beginning inventory Required purchases January February $42,000 $54,000 5,400 47,400 (8,400) $39,000 Based on this information the total amount of expected purchases for February is Multiple Choice $39,000 Cod PM 6/30/2020 1 e