Hiking General Store prepared the following sales budget: Budgeted Sales $4,000 $14,000 $12,000 $16,000 Month March April May June The expected gross profit rate is 30% and the inventory at the end of February was $14,000. 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 April? O A. $9,660 OB. $9,800 O C. $10,780 O D. $9,940 ... B

Hiking General Store prepared the following sales budget: The expected gross profit rate is \30 and the inventory at the end of February was \\( \\$ 14,000 \\). 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 April? A. \\( \\$ 9,660 \\) B. \\( \\$ 9,800 \\) C. \\( \\$ 10,780 \\) D. \\( \\$ 9,940 \\)