The following information pertains to the January operating budget for Casey Corporation. - Budgeted sales for January $210,000 and February $104,000. - Collections for sales are 40% in the month of sale and 60% the next month. - Gross margin is 35% of sales. - Administrative costs are $17,000 each month. - Beginning accounts receivable is $27,000. - Beginning inventory is $17,000. - Beginning accounts payable is $65,000. (All from inventory purchases.) - Purchases are paid in full the following month. - Desired ending inventory is 25% of next month's cost of goods sold (COGS). At the end of January, budgeted ending inventory is A. $26,000 B. $33,900 C. $9,100 D. $16,900 The following information pertains to the January operating budget for Casey Corporation. - Budgeted sales for January $210,000 and February $104,000. - Collections for sales are 40% in the month of sale and 60% the next month. - Gross margin is 35% of sales. - Administrative costs are $17,000 each month. - Beginning accounts receivable is $27,000. - Beginning inventory is $17,000. - Beginning accounts payable is $65,000. (All from inventory purchases.) - Purchases are paid in full the following month. - Desired ending inventory is 25% of next month's cost of goods sold (COGS). At the end of January, budgeted ending inventory is A. $26,000 B. $33,900 C. $9,100 D. $16,900