Teleco Corp. is preparing its budget for the first quarter of the current year. The following data is provided: Inventory, Purchases, and COGS Budget Cost of goods sold (a) Desired ending inventory (b) Total inventory required Less: Beginning inventory Budgeted Purchases (a) COGS 75% of sales (b) $10,000+20% of COGS for next month Jan $35,000 Feb $25,000 March $40,000 15,000 18,000 ? 50,000 43,000 (10,000) (15,000) $40,000 $28,000 April's cost of goods sold is $27,000. The amount of Merchandise Inventory to be shown on the budgeted balance sheet at March 31 would be OA. $18,000 OB. $35,000 OC. $15,400 OD. $15,000