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Bro Company has a sales budget for next month of $ 2 0 0 , 0 0 0 . Cost of goods sold is expected

Bro Company has a sales budget for next month of $200,000. Cost of goods sold is expected to be 25 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is $20,000, and an ending inventory of $24,000 is desired. Beginning accounts payable is $206,500.
The cost of goods sold for next month is expected to be:
Select one:
a.
$51,000
b.
$51,625
c.
$50,000
d.
$150,000

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