5 pt Question 4 Komodo Supply Company's monthly sales budget is as follows: April $160,000. May $130,000, and June $120,000. The company's policy is to set selling prices to earn a 30% gross profit on sales revenue and to maintain an ending inventory balance equal to 40% of the next month's cost of goods sold. What is the dollar amount of inventory purchases that is budgeted for the month of May? O $89.600 O 593,800 $88,200 $87,800 None of the above