ive & Exit Submit Assume a merchandising company's estimated sales for January, February, and March are $113,000, $133,000, and $123,000, respectively. Its cost of goods sold is always 30% 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? Multiple Choice O $35,100 O $32,700 O $39,900 O $40,610