Audrey Company Has the Following Data The Cost of Goods Sold Percentage Is 65% of Sales

Multiple Choice

Audrey Company has the following data:
$\begin{array}{ll}\text { Month }&\text { Budgeted Sales }\\\text { May } & \$ 46,000 \\\text { June } & 50,000 \\\text { July } & 52,000 \\\text { August } & 48,000\end{array}$
The cost of goods sold percentage is 65% of sales and the desired ending inventory is 25% of next month's sales at cost.What are the total purchases budgeted for July?

A) $33,150
B) $33,800
C) $41,600
D) $42,250