9.5

Crowley Grocers has a budgeted cost of goods sold of $87,000 for the month of June and $89,000 for the month of July. They currently have $4,350 in their merchandise inventory, and they want to have 5% of their next months inventory in stock at the end of the month. How much merchandise will they need to purchase in June?

A : $87,100

B : $87,000

C : $89,000

D : $91,450