Liu Electronics Budgeted Sales of $400,000 for the Month of November;

Liu Electronics budgeted sales of $400,000 for the month of November; cost of goods sold is equal to 65% of sales. Beginning inventory for November was $80,000 and ending inventory for November should be $72,000. How much are the budgeted purchases for November?

A) $252,000
B) $254,800
C) $264,800
D) $265,200