Freighters Inc - Calculate Cost of Goods Sold for the Month of

Freighters Inc. has the following budgeted figures: $\begin{array}{ccccc} & \text { Jan } & \text { Feb } & \text { Mar } & \text { April } \\\text { Sales } & \$ 50,000 & \$ 65,000 & \$ 80,000 & \$ 95,000\end{array}$
$\begin{array}{ll}\text { Cost of goods sold } & 60 \% \text { of sales } \\\text { Required ending inventory } & \$ 15,000+25 \% \text { of sales of next month } \\\text { Inventory on hand on Jan lst } & \$ 27,500\end{array}$
- Calculate cost of goods sold for the month of February.

A) $40,250
B) $52,000
C) $33,750
D) $39,000