The following information pertains to the January operating budget for Casey Corporation. • Budgeted sales for January $210,000 and February $103,000. • Collections for sales are 60% in the month of sale and 40% the next month. . Gross margin is 25% of sales. • Administrative costs are $17,000 each month. • Beginning accounts receivable is $30,000. • Beginning inventory is $15,000. • Beginning accounts payable is $71,000. (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 O A. $6,438 B. $34,313 C. $19,313 D. $25,750