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

• Sales are budgeted at $280,000 for November, $260,000 for December, and $250,000 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 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 $23,400.
• Monthly depreciation is $14,400.
• Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$ 21,800
Accounts receivable	71,800
Merchandise inventory	156,800
Property, plant and equipment, net of $573,800 accumulated depreciation	1,095,800
Total assets	$ 1,346,200
Liabilities and Stockholders' Equity
Accounts payable	$ 255,800
Common stock	821,800
Retained earnings	268,600
Total liabilities and stockholders' equity	$ 1,346,200

The cost of December merchandise purchases would be: