Gentlemen Company expects the total costs of goods sold to be $47,000 in November and $77,000 in December for one of its young adult suits. Management also wants to have on hand at the end of each month 10 percent of the expected total cost of sales for the following month. What dollar amount of suits should be purchased in November?

Multiple Choice

• $41,300.

• $42,300.

• $50,000.

• $54,700.

• $77,000.