18) Jaggers Company has the following data: Month May June July August Budgeted Sales $46,000 50,000 52,000 48,000 The cost of goods sold percentage is 65% of sales and the desired ending inventory level is 25% of next month's sales at cost. What are the expected total purchases for June? D) $32,825 A) $32,500 E) none of the above. B) $40,950 C) $17,500