D Question 4 3.45 pts O'Hare Company is in the process of preparing a purchases budget for the first quarter of 2019. The company has budgeted sales as follows: Dec. 2018 $44,000 Jan. 2019 $46,500 Feb. 2019 $51,000 March 2019 $61,500 Cost of goods sold is expected to be 75% of sales. The company would like to have ending inventory each month equal to 25% of the following month's predicted cost of sales. The total cost of purchases in January is: $59,250 $46,500 $44,438 O $35,719