A hardware store has budgeted cost of sales of \(\$ 36,000\) for its power tool department in July. Management wants to have \(\$ 7,000\) in tool inventory at the end of July. Its beginning inventory of tools is budgeted to be \(\$ 6,000\). What is the budgeted dollar amount of merchandise purchases?

a. \(\$ 36,000\)

b. \(\$ 43,000\)

c. \(\$ 42,000\)

d. \(\$ 35,000\)

e. \(\$ 37,000\)