Old Antique Store prepared the following budget information for the month of May:

Sales are budgeted at $$322,000.$ All sales are on account and a provision for bad debts is made for each month at two percent of sales for the month.

Inventory was $$87,000$ on April $30$; an inventory increase of $$13,000$ is planned for May $31.$

All inventory is marked to sell at cost plus $40$ percent.

Estimated cash disbursements for selling and administrative expenses for the month are $$51,000.$

Depreciation for May is projected at $$6,300.$

Old Antique's budgeted cost of inventory purchases for May is:

Multiple Choice

$$92,000.$

$$128,800.$

$$181,100.$

$$243,000.$

$$230,000.$