Wallace Company provides the following data for next year: Month January February March April Budgeted Sales $125,000 110,000 136,000 153,000 The gross profit rate s 30% of sales nventory at he end of December is $27,600 and target ending inventory levels are 10% of next month's sales, stated at cost What is the amount of purchases budgeted for January? O A. $79,800 OB. $67,600 O c. $95,200 O D. $87,500