Tuscarora, Inc., a merchandising company, has the following budgeted figures: Mar $88,000 April $92,000 Jan Feb Sales $54,000 $62,000 Cost of goods sold 60% of sales $10,000 + 20% of Required ending inventory next month's sales Inventory on hand on Jan 1 $30,000 Calculate the budgeted purchases for the month of January O A. $24,800 B. $22,400 C. $54,800 D. $10,000