M 3 FALL 2020 Seved Help Save & Exit Sut Assume a merchandising company's estimated sales for January February, and March are $120,000, $140,000, and $130,000, respectively, Its cost of goods sold is always 30% of its sales. The company always maintains ending merchandise inventory equal to 30% of next month's cost of goods sold What are the required merchandise purchases for January? Multiple Chalce O $40.200 G O $3,800 O $34.200 542,000