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

• Sales are budgeted at $240,000 for November, $220,000 for December, and $210,000 for January.
• Collections are expected to be 65% in the month of sale and 35% in the month following the sale.
• The cost of goods sold is 70% of sales.
• The company would like to maintain ending merchandise inventories equal to 60% 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 $23,000.
• Monthly depreciation is $14,000.
• Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	22,200
Accounts receivable		72,200
Merchandise inventory		100,800
Property, plant and equipment, net of $574,200 accumulated depreciation		1,096,200
Total assets	$	1,291,400
Liabilities and Stockholders' Equity
Accounts payable	$	256,200
Common stock		822,200
Retained earnings		213,000
Total liabilities and stockholders' equity	$	1,291,400

The cost of December merchandise purchases would be: