Peabody Enterprises Prepared the Following Sales Budget The Expected Gross Profit Rate Is 40% and the Inventory

Peabody Enterprises prepared the following sales budget: $$\begin{array} { | l | r | } \hline \text { Month } & \text { Budgeted Sales } \\\hline \text { March } & \$ 6,000 \\\hline \text { April } & \$ 13,000 \\\hline \text { May } & \$ 12,000 \\\hline \text { June } & \$ 14,000 \\\hline\end{array}$$ The expected gross profit rate is 40% and the inventory at the end of February was $10,000.Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.
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What are the total purchases budgeted for April?

A) $7,680
B) $7,440
C) $9,360
D) $7,920