Sylvia's Fashions forecasts sales of $125,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September inventory is $82,500. If the December 31 inventory is targeted at $91,500, budgeted purchases for the quarter should be:________
A. $100,000
B. $109,000
C. $116,000
D. $134,000
E. None of the above.
