Caplico Company has prepared the following sales budget: Cost Of goods sold is budgeted at 60% of sales and the Inventory at the end of February vv.is $36,00(1 Desired inventory levels at the end of each month are 20% of the next month s cost of goods sold. What is the desired beginning inventory on June 1? $52,000 $26,400 $43,200 $31,200