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please explain how to arrive at the correct answer of 9600. thanks Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $8,000 April

please explain how to arrive at the correct answer of 9600. thanksimage text in transcribed

Sander Enterprises prepared the following sales budget: Month Budgeted Sales March $8,000 April $10,000 May $11,000 June $16.000 the end of the month are 20% of the next month's cost of goods sold. The expected gross profit rate is 20% and the inventory at the end of February was $14,000. Desired inventory levels What are the total purchases budgeted for May? O A $8,000 OB. $10,560 OC. $8,800 D. $9,600

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