Teleco Corp. is preparing its budget for the first quarter of 2018. The following data is provided Inventory, Purchases, and COGS Budget Cost of goods sold (a) Desired ending inventory (b) Tota inventory required Less: Beginning inventory Budgeted Purchases (a) COGS-75% of sales (b) $10,000 + 10% of COGS for next month March $30,000 $29,000 $22,500 Jan Feb 12,900 12,250 41,250 (15,000) 12,900) $27,900 $28,350 42,900 April's cost of goods sold is $34,000. The amount of Merchandise Inventory to be shown on the budgeted balance sheet at March 31 would be OA. $13,400 O B. $30,000 O c. $12,250 O D. $12,900