Delta Inc. is a merchandising firm. It is planning for their merchandise purchases for the coming year. The following information is provided: (1) Each month, COGS is 80% of sales. (2) At the end of each month, the firm expects ending merchandising inventory to be equal to 15% of the following month's cost of goods sold. (3) Sales for the first six months of this year are as follows: Sales Forecast January $11,000 February March $15,000 $23,700 $27,650 April May June $34,350 $37,500 How many dollars' worth of merchandise should Delta Inc. plan on purchasing in March? A B 1 Budgeted Purchase of Merchandise in March