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

Sales are budgeted at $$369,000.$ All sales are on account and a provision for bad debts is made for each month at three percent of sales for the month.

Inventory was $$93,000$ on April $30$; an inventory increase of $$19,000$ is planned for May $31.$

All inventory is marked to sell at cost plus $50$ percent.

Estimated cash disbursements for selling and administrative expenses for the month are $$57,000.$

Depreciation for May is projected at $$6,900.$

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

Multiple Choice

$$123,000.$

$$184,500.$