Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $4,000 $11,000 $13,000 $15,000 The expected gross profit rate is 10% and the inventory at the end of February was $12,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for May? A. $15,210 B. $12,240 C. $11,700 D. $11,160