Flamingo, Inc. has the following budgeted figures:

	Jan	Feb	Mar	April
Sales	$50,800	$65,000	$85,000	$99,000
Cost of goods sold	40% of sales
Required ending inventory	$10,000 + 30% of nextmonth's sales
Inventory on hand on Jan 1	$30,000

Calculate cost of goods sold for the month of February.

A.$19,820

B.$19,500

C.$26,000

D.$20,320