The following are budgeted data for the Bingham Company, a merchandising company:

Budgeted Sales (at retail)

January $300,000

February $340,000

March $400,000

April $350,000

Cost of goods sold as a percentage of sales is 60%. The desired ending inventory is 75% of next month's sales.

47. Assuming that the Bingham Company had inventory on hand of $70,000 (at cost) on January 1, the purchases for January (at cost) would be:

A) $180,000

B) $250,000

C) $263,000

D) $110,000

48. The desired ending inventory (at cost) for the month of February would be:

A) $180,000

B) $300,000

C) $240,000

D) $160,000

49. Assume that all purchases are paid for in the month following the month of purchase. The cash disbursements for purchases that would appear in the April cash budget would be:

A) $180,000

B) $157,500

C) $240,000

D) $217,500