Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

• Sales are budgeted at $350,000 for November, $330,000 for December, and $320,000 for January.
• Collections are expected to be 45% in the month of sale and 55% in the month following the sale.
• The cost of goods sold is 75% of sales.
• The company would like to maintain ending merchandise inventories equal to 80% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
• Other monthly expenses to be paid in cash are $24,100.
• Monthly depreciation is $15,100.
• Ignore taxes.

Balance Sheet

October 31AssetsCash$20,100Accounts receivable70,100Merchandise inventory210,000Property, plant and equipment, net of $572,100 accumulated depreciation1,094,100Total assets$1,394,300Liabilities and Stockholders' EquityAccounts payable$254,100Common stock820,100Retained earnings320,100Total liabilities and stockholders' equity$1,394,300

The cost of December merchandise purchases would be: