Tuscarora, Inc., a merchandising company, has the following budgeted figures: Jan Feb Mar April Sales $54,100 $69,000 $86,000 $99,000 Cost of goods sold 50% of sales Required ending inventory $10,000 + 20% of next month's sales Inventory on hand on Jan 1 $27,000 Calculate the budgeted purchases for the month of January. a. $23,800 b. $50,850 c. $23,850 d. $325