Michael Company has a sales budget for next month of $300,000. Cost of goods sold is expected to be %50 of sales. All units are paid for in the month following purchase. The beginning inventory is $10,000 and an ending inventory of $12,000 is desired. Beginning accounts payable is $76,000. The purchases for next month are .?

a) $152,000

b)$138,000

c)$150,000

d)$140,000