Question 45 3 pts Use the following sales budget for this question. Month Budgeted Sales Sept $80,000 Oct $75,000 Nov $110,000 Dec $100,000 The expected gross profit rate is 25% and the inventory at the end of August was $100,000. Desired inventory levels at the end of the month are 12% of the next month's cost of goods sold. What were budgeted purchases in November? $81,600 $119,000 $83,400 $119,900