Assume a merchandising company's estimated sales for January, February, and March are $106,000, $126.000, and $116,000, respectively Its cost of goods sold is always 35% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold What are the required merchandise purchases for January? Multiple Choice O $38,500 $44,180 O $35.700 Multiple Choice $38,500 $44.180 $35,700 $44,100