Flamingo,Inc Calculate Cost of Goods Sold for the Month of February

Flamingo,Inc.has the following budgeted figures: $\begin{array}{|l|l|l|l|l}\hline & \text {Jan } & \text { Feb } & \text { Mar } & \text { April } \\\hline \text { Sales } & \$ 57,500 & \$ 60,000 & \$ 85,000 & \$ 90,000 \\\hline \text { Cost of goods sold } & 50 \% \text { of sales } & & & \\\hline & \$ 20,000+25 \% & & & \\& \begin{array}{l}\text { of next month's } \\\text { sales }\end{array} & & & \\\text { Required ending inventory } & & & & \\\hline \text { Inventory on hand on Jan 1 } & \$ 27,500 & & \\ \hline\end{array}$ Calculate cost of goods sold for the month of February.

A) $15,000
B) $34,500
C) $42,000
D) $36,000