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Green Products prepared the following sales budget: Month Budgeted Sales March $ 6 0 0 0 April $ 1 1 , 0 0 0 May

Green Products prepared the following sales budget:
Month Budgeted Sales
March $6000
April $11,000
May $13,000
June $16,000
The expected gross profit rate is 20% and the inventory at the end of February was $11,000. 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?
$10,400
$9680
$11,120
$13,520

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