Sentra Sporting Company sells tennis rackets and other sporting equipment. The purchasing department manager prepared the inventory purchases budget. Sentra's policy is to maintain an ending inventory balance equal to $15\%$ of the following month's cost of goods sold. January's budgeted cost of goods sold is $$70,000.$

October November December

Budgeted cost of goods sold $60,00040,00050,000$

Plus: Desired ending inventory $6,000??$

Inventory needed $66,000??$

Less: Beginning inventory $9,000??$

Required purchases $($on account$)57,000??$

What is the amount of ending inventory that the company will report on its pro forma balance sheet?

Multiple Choice

$$7,500$

$$10,500$

$$35,300$

$$60,500$