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

Yoshino,Inc.,a merchandising company,has the following budgeted figures: $$\begin{array} { | l | l | c | c | c | } \hline &{ \text { Jan } } & \text { Feb } & \text { Mar } & \text { April } \\\hline \text { Sales } & { \$ 56,900 } & \$ 62,000 & \$ 80,000 & \$ 92,000 \\\hline \text { Cost of goods sold } & 60 \% \text { of sales } & & & \\\hline \text { Required ending inventory } & \begin{array} { l } \$ 15,000 + 20 \% \text { of next } \\\text { month's sales }\end{array} & & & \\\hline \text { Inventory on hand on Jan 1 } & { \$ 30,000 } & & & \\\hline\end{array}$$ Calculate the ending merchandise inventory for the month of March.

A) $33,400
B) $63,000
C) $31,540
D) $48,000