Question: Watch this video: Static and Flexible Budgets | Accounting | Chegg Tutors While watching, think about the information you learned while reading Chapter 7. After, complete the requested calculations. XYZ Company prices its products by adding 30% to its cost. XYZ anticipates sales of $715,000 in March, $728,000 in April, and $624,000 in May. XYZ's policy is to have on hand enough inventories at the end of the month to cover 25% of the next month's sales. What will be the cost of the inventory that XYZ should budget for purchases in April? Please explain your work. Be sure to use APA formatting