Tuscarora, Inc., a merchandising company, has the following budgeted figures: Mar $86,000 April 599,000 Jan Feb Sales $54,100 $69,000 Cost of goods sold 50% of sales $10,000+ 20% of next month's Required ending inventory sales Inventory on hand on Jan 1 $27.000 Calculate the budgeted purchases for the month of January $23,850 $3250 $23,800 $50,850