Hiking General Store prepared the following sales budget: Budgeted Sales Month March April May June $5,000 $11,000 $14,000 $12,000 The expected gross profit rate is 10% and the inventory at the end of February was $13,000. 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? A. $12,060 B. $13,140 C. $16,380 D. $12,600