Exam #2 3 1 points grafowak Hing with Od Help Save & Fri Submit COTB MC Qu. 8-40 (Algo) Assume a merchandising companys estimated sales... Assume a merchandising company's estimated sales for January, February, and March are $107,000, $127,000, and $117,000, respectively. Its cost of goods sold is always 45% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. What are the required merchandise purchases for January? 035519 Multiple Choice References O O O $46.350 $57,050 $49.950 $57350