Question - Sapco (a retailer) has the following sales forecast: January: $500,000, February: $600,000, March; $450,000, and April: $620,000. Sapco has a 30% gross margin percentage. Inventory at January 1 is $60,000. Sapco intends to keep enough inventory on hand at the end of the month to cover 20% of next month's cost of goods sold. How much inventory (in cost, not units) should Sapco purchase in January?