83) Fosnight Enterprises prepared the following sales budget: Budgeted Sales $6,000 $13,000 May $12,000 $14,000 The expected gross prot rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What are the total purchases budgeted for May? A) $8,120 B) $8,960 C) $8,680 D) $10,080