Keita, Inc., projects sales for its first three months of operation as follows: October November December Credit sales $100,000 $150,000 $200,000 Cash sales 40.000 60,000 50.000 Total Sales $140,000 $210,000 $250,000 Inventory on October 1 is 540,000; this inventory had been purchased during July, Subsequent beginning inventories should be 40% of that month's cost of goods sold. Goods are priced at 140% of their cost 50% of purchases are paid for in the month of purchase, the balance is paid in the following month. It is expected that 50% of credit sales will be collected in the month following sale, 30% in the second month following the sale, and the balance the third month. A 5% discount is given if payment is received in the month following sale Reference Cash Buton What is the projected cost of goods sold for December? O A 5178,572 OB $257,000 OC$140,000 OD. 5100.000