Parsley Inc. a merchandising firm, has forecasted sales to be $126,000 in February, $140,000 in March. $158,000 in April, and $147,000 in May. The average cost of goods sold is 70% of sales. The merchandise inventory policy is to carry 50% of next month's sales needs. 1f actual February 1 inventory is $44,000, what will the cost of March purchases be? $161,300 $104,300 $98,000 $77,300