Brarln Corporation Is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $300,000 for November. $310,000 for December, and $310,000 for January. Collections are expected to be 70% In the month of sal29% In the month following the sale, and 1% uncollectible. The cost of goods sold Is 65% of sales. The company would like to maintain ending merchandise Inventories equal to 55% 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 $21, 500. Monthly depreciation Is $18, 700. Ignore taxes. The cost of December merchandise purchases would be: $43, 000 $110, 825 $91, 000