Caplico Company has prepared the following sales budget: Month March April |May June Budgeted Sales $400,000 182,000 220,000 232,000 Cost of goods sold is budgeted at 60% of sales, and the inventory at the end of February was $35,000. 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? O $46,400 O $26,400 O $130,200 O $27,840