please bold final answer and put answer in the boxses provided. thank you

This is one prob too.

Kevin Montgomery Retail seeks your assistance to develop Cash and other budget information for May, June, and July. At April 30 , the company had cash of $11,500, accounts recelvable of $461,000, Inventories of $470,250, and accounts payable of $157.055. The budget is to be based on the following assumptions: SAIES: Each month's sales are billed on the last day of the month. Customers are allowed a 3 si discount if payment is made within 10 -days after the billing date. Recelvables are recorded in the accounts at their gross amounts (not net of discounts). 55% of the billings are collected within the discount period; 30% are. coliected by the end of the month: 9% are collected by the end of the second month; and 6% turn out to be uncollectible. PURCHASES The marketing. general, and administrative expenses and 60% of all purchases of merchandise are pald in the month purchased, with the remainder of merchandise purchases paid in the following month. The mumber of units in each month's ending inventory is equal to 125% of the next month's soles (units). The cost of each unit of inventory fe $25. Marketing. general and adayinistratlve expenses, of which $27,000 is depreciation are equal to 15% of the current month's sales. Actual and projected sales are as shown below: What are the budgeted merchandise purchases (in dollars) for June? Multiple Choice $318,800 $341,000 $374,000 $363,750