URGENT PLEASEEE

Assume a merchandisng company's estmated sales ior January, February, and March are $118,000,$138,000, and $128,000, respectively. Its cost of goods sold is always 35% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. What are the required merchandise purchases for January? Multiple Choice $42,700 $48,300 $49,340 $39,900 Assume a merchandisng company's estmated sales ior January, February, and March are $118,000,$138,000, and $128,000, respectively. Its cost of goods sold is always 35% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. What are the required merchandise purchases for January? Multiple Choice $42,700 $48,300 $49,340 $39,900