Jewelry Company Has a Sales Budget for Next Month of $200,000

Jewelry Company has a sales budget for next month of $200,000. Cost of goods sold is expected to be 25 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is $20,000, and an ending inventory of $24,000 is desired. Beginning accounts payable is $206,500.
The cost of goods sold for next month is expected to be:

A) $ 80,000
B) $ 50,000
C) $160,000
D) $ 75,000