Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $3,000 $10,000 $13,000 $18,000 The expected gross profit rate is 30% and the inventory at the end of February was $7,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold What are the total purchases budgeted for May? OA. $9,100 B. $10,010 Cc. $8,750 D. $9,450