Managerial Accounting Help

Fosnight Enterprises prepared the following sales budget:

Month	Budgeted Sales
March	$6000
April	$13,000
May	$10,000
June	$16,000

The expected gross profit rate is 30% and the inventory at the end of February was $5000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What are the total purchases budgeted for May?

		$7840
		$8400
		$6160
		$7000