The manager of MN Company give you the following data to prepare the required purchases for the coming three months:

Estimated Sales for January: $60,000.00

Sales Increase by: 5% for the coming three months

Cost of Goods Sold: 60% of sales

Beginning Inventory: $10,000.00

Ending Inventory equal to: 20% of next month CGS.

Estimated purchases for February should be between:

a. 33k and 38k

b. 38k and 40k

c. 40k and 40.2k

d. 40k and 42k