Data for RelyaTech Corp, a large merchandiser, is below: - Sales are budgeted at $293,000 for November, $313,000 for December, and $213,000 for Jonuary. - Collections are expected to be 65% in the month of sale and 35% in the month following the sale. - The cost of goods sold is 80% of sales. - RelyaTech desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $21,400. - Monthly depreciation is $22,500. - Ignore taxes. - (10\#66595) Q) What is the cost of December merchandise purchases for RelyaTech? Multiple Choice $234,400 $250,400 $194,400 $119,280