87) Sander Enterprises prepared the following sales budget: Budgeted Sales $3,000 $13,000 May $12,000 $14,000 The expected gross prot rate is 40% 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 April? A) $9,360 B) $7,440 C) $7,680 D) $7.920