Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $5,000 $15,000 $10,000 $15,000 The expected gross profit rate is 30% and the inventory at the end of February was $12,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May? O A. $5,950 OB. $9,100 C. $7,000 OD. $8,050