Tuscarora, Inc., a merchandising company, has the following budgeted figures:

	Jan	Feb	Mar	April
Sales	$57,300	$60,000	$83,000	$98,000
Cost of goods sold	50% of sales
Required ending inventory	$10,000 + 30% of next month's sales
Inventory on hand on Jan 1	$30,000

Calculate the budgeted purchases for the month of January.

A.

$28,000

B.

$26,650

C.

$650

D.

$56,650