Sander Enterprises prepared the following sales budget: Month March April Budgeted Sales $5,000 $14,000 $15,000 $20,000 May June The expected gross profit rate is 20% and the inventory at the end of February was $8,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold. What are the total purchases budgeted for May? O A. $12,000 OB. $13,200 OC. $12,400 OD. $11,600 Romona Company expects its November sales to be 20% higher than its October sales of $250,000. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases were $90,000 in October and are expected to be $150,000 in November. Purchases are paid 35% in the month of purchase and 65% in the following month. The cash balance on November 1 is $13,200. The cash balance on November 30 will be O A. $157,200 O B. $144,000 O C. $130,800 OD. $268,200