the following information pertains to the january operating budget for Casey Corporation

. The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $200,000 and February $108,000. Collections for sales are 60% in the month of sale and 40% the next month. Gross margin is 35% of sales. Administrative costs are $13,000 each month. Beginning accounts receivable is $29,000. Beginning inventory is $16,000. Beginning accounts payable is $68,000. (All from inventory purchases.) Purchases are paid in full the following month. Desired ending inventory is 20% of next month's cost of goods sold (COGS), At the end of January, budgeted ending inventory is . . O A. $30,040 OB. $21,600 OC. $14,040 OD. $7,560