Month Budgeted Sales March 6 000 April 13 000 May 12 000 June 14 000 The Expecte (1)

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?

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