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Question 3 (4 points) Caravan Company has the following data: Month April May June July...

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Question 3 (4 points) Caravan Company has the following data: Month April May June July August Budgeted Sales $40,000 46,000 50.000 52,000 48,000 The cost of goods sold percentage is 70% of sales and the desired ending inventory level is 25% of next month's cost of goods sold. was the desired ending inventory for May. A) $8.750 B) $12.075 C) $8.050 D) $7.000

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