Flamingo, Inc. has the following budgeted figures:

	Jan	Feb	Mar	April
Sales	$ 54 comma 600$54,600	$ 60 comma 000$60,000	$ 83 comma 000$83,000	$ 97 comma 000$97,000
Cost of goods sold	5050% of sales
Required ending inventory	$ 20 comma 000$20,000 + 2020% of next month's sales
Inventory on hand on Jan 1	$ 27 comma 500$27,500

Calculate cost of goods sold for the month of February.

A.

$ 12 comma 000$12,000

B.

$ 30 comma 000$30,000

C.

$ 27 comma 300$27,300

D.

$ 31 comma 800$31,800