JT Department Store Expects to Generate the Following Sales for the Next

Multiple Choice

JT Department Store expects to generate the following sales for the next three months: JT's cost of gods sold is 60% of sales dollars.At the end of each month,JT wants a merchandise inventory balance equal to 20% of the following month's expected cost of goods sold.What dollar amount of merchandise inventory should JT plan to purchase in August?

A) $257,400
B) $314,600
C) $352,800
D) $327,800