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

	Sales are budgeted at $390,000 for November, $410,000 for December, and $400,000 for January.
	Collections are expected to be 40% in the month of sale, 59% in the month following the sale, and 1% uncollectible.
	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 $23,600.
	Monthly depreciation is $21,500.
	Ignore taxes.

The cost of December merchandise purchases would be:

$328,000

$312,000

$322,400

$224,000