Korn, 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 $40,000. 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.

What is the projected cost of purchases for October?

Group of answer choices

A:$80,000

B:$120,000

C:$180,000

D:$93,333