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What is the desired beginning inventory

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Reference no: EM131752609

Fosnight Enterprises prepared the following sales budget:

Month Budgeted Sales
March $6,000
April $13,000
May $12,000
June $14,000

The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

A. $1,680

B. $840

C. $9,800

D. $1,960

Reference no: EM131752609

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