ABC Inc. prepared the following sales budget:

Month	Budgeted Sales
Sept	$6,000
October	$13,000
Nov	$12,000
Dec	$14,000

The expected gross profit rate is 40% and the inventory at the end of August 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 October?

$7,680

$7,920

$9,360

$7,440