Moving to another question will save this response. Question 6 The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January $208,000 and February $108,000. Collections for sale are 50% in the month of sale and 50% the next month. Gross marg in is 25% of sales Administrative costs are $11,000 each month. Beginning accounts receivable is $27,000. Beginning inventory is $15,000. Beginning accounts payable is $74,000. (All from inventory purchases.) Purchases are paid in full the following month. Desired ending inventory is 25% of next month's cost of goods sold (COGS). At the end of January, budgeted ending inventory is. $20,250 $27,000 $35,250 $6750