14) Odell Beckham Corporation is a small wholesaler of helmets. Data regarding the store's operations follow: 0 Sales are budgeted at $340,000 for November, $320,000 for December, and $310,000 for January. I Collections are expected to be 80% in the month of sale and 20% in the month following the sale. 0 The cost of goods sold is 75% of sales. a The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. 0 Other monthly expenses to be paid in cash are $24,000. I Monthly depreciation is $15,000. 0 Ignore taxes. The cost of December merchandise purchases would be: A) $255,000 B) $139,500 C) $235,500 D) $240,000