Kelta, 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 00.000 50.000 Total Sales $140,000 $210.000 $250,000 Inventory on October 1 is $40,000, this inventory had been purchased during July Subsequent beginning inventones 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 months foliowing al 30% in me month following the sale, and the balance the third month A5% discount is given it payment is received in the month following sale Reclarence Cendout "What is the projected cost of goods sold for December? O A $100,000 OB. $257.000 OC $140,000 O 05178,572