Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $6,000...
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Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $6,000 $12,000 $11,000 $20,000 The expected gross profit rate is 10% and the inventory at the end of February w next month's cost of goods sold. What is the desired ending inventory on May 31? O A. $2,970 O B. $18,000 C. $600 D. $5,400 February was $15,000, Desired inventory levels at the end of the month are 30% of the
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