Teleco Corp April's Cost of Goods Sold Is $34,000

Teleco Corp.is preparing its budget for the first quarter of 2018.The following data is provided: $$\begin{array} { | l | r | r | r | } \hline \text { Inventory, Purchases, and COGS Budget } & \text { Jan } & \text { Feb } & \text { March } \\\hline \text { Cost of goods sold (a) } & \$ 30,000 & \$ 29,000 & \$ 22,500 \\\hline \text { Desired ending inventory (b) } & 12,900 & 12,250 & ? \\\hline \text { Total inventory required } & 42,900 & 41,250 & \\\hline \text { Less: Beginning inventory } & ( 15,000 ) & ( 12,900 ) & \\\hline \text { Budgeted Purchases } & \$ 27,900 & \$ 28,350 & \\\hline \text { (a) COGS } = 75 \% \text { of sales } & & & \\\hline \text { (b) } \$ 10,000 + 10 \% \text { of COGS for next month } & & & \\\hline\end{array}$$
April's cost of goods sold is $34,000.The amount of Merchandise Inventory to be shown on the budgeted balance sheet at March 31 would be ________.

A) $12,250
B) $12,900
C) $30,000
D) $13,400