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

• Sales are budgeted at $410,000 for November, $390,000 for December, and $380,000 for January.
• Collections are expected to be 50% in the month of sale and 50% in the month following the sale.
• The cost of goods sold is 80% of sales.
• The company would like to maintain ending merchandise inventories equal to 70% 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 $24,700.
• Monthly depreciation is $15,700.
• Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$ 20,700
Accounts receivable	70,700
Merchandise inventory	229,600
Property, plant and equipment, net of $572,700 accumulated depreciation	1,094,700
Total assets	$ 1,415,700
Liabilities and Stockholders' Equity
Accounts payable	$ 254,700
Common stock	820,700
Retained earnings	340,300
Total liabilities and stockholders' equity	$ 1,415,700

The cost of December merchandise purchases would be: