Question 20 7.14 pts ABC Company expects to generate the following sales for the next three months: July August September Expected sales $490,000 $540,000 $580,000 ABC Company's cost of goods sold is 60% of sales dollars. At the end of each month, ABC Company wants a merchandise inventory balance equal to 25% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should ABC Company plan to purchase in August? O $327,800 O $314,600 O $352,800 O $330,000