A sales budget has been prepared for April. Management wants the amount of ending inventory each month to be equal to 10% of that month's cost of goods sold. Cost of goods sold for Spril is projected at $60,000. Ending inventory at the end of March is expected to be $12,000. Based on this information, what would be the amount of purchases be for April
a. 62,000
b. 48,000
c. 66,000
d. 54,000