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

Sales are budgeted at $220,000 for November, $200,000 for December, and $190,000 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 60% of sales.

The company would like to maintain ending merchandise inventories equal to 50% 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 $22,800.

Monthly depreciation is $13,800.

Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	22,400
Accounts receivable		72,400
Merchandise inventory		66,000
Property, plant and equipment, net of $574,400 accumulated depreciation		1,096,400
Total assets	$	1,257,200
Liabilities and Stockholders' Equity
Accounts payable	$	256,400
Common stock		822,400
Retained earnings		178,400
Total liabilities and stockholders' equity	$	1,257,200

The cost of December merchandise purchases would be:

A. $102,600

B. $46,650

C. $62,200

D. $36,200