Bro Company has a sales budget for next month of $240,000. 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 $24,000, and an ending inventory of $28,800 is desired. Beginning accounts payable is $247,800. The cost of goods sold for next month is expected to be: Select one: a. $61,950 b. $180,000 c. $61,200 d. $60,000