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Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $4,000...

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Accounting

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Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $4,000 $15,000 $14,000 $18,000 The expected gross profit rate is 20% and the inventory at the end of February was $9,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired ending inventory on May 31? O A. $14,400 OB. $720 O C. $2,240 O D. $2,880

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