ABC Inc. has the following budgeted figures:

Calculate cost of goods sold for the month of February.

A) $40,250

B) $52,000

C) $33,750

D) $39,000

Sales Cost of goods sold Required ending inventory Inventory on hand on Jan 1st Jan Feb Mar $50,000 $65,000 $80,000 60% of sales $15,000+ 25% of sales of next month $27,500 April $95,000