Allain,Inc Calculate the Ending Merchandise Inventory for the Month of March

Allain,Inc.has the following budgeted figures: $\begin{array}{|l|l|l|l|l}\hline & \text {Jan } & \text { Feb } & \text { Mar } & \text { April } \\\hline \text { Sales } & \$ 55,900 & \$ 60,000 & \$ 88,000 & \$ 96,000 \\\hline \text { Cost of goods sold } & 60 \% \text { of sales } & & & \\\hline & \$ 10,000+30 \% & & & \\& \begin{array}{l}\text { of next month's } \\\text { sales }\end{array} & & & \\\text { Required ending inventory } & & & & \\\hline \text { Inventory on hand on Jan 1 } & \$ 27000 & & \\ \hline\end{array}$ Calculate the ending merchandise inventory for the month of March.

A) $36,400
B) $62,800
C) $34,540
D) $52,800