Fosnight Enterprises prepared the following sales budget Budgeted Sales $3,000 $10,000 $12,000 $20,000 Month March April May June The expected gross profit rate is 20% and the inventory at the end of February was $9,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold What is the budgeted cost of goods sold for May? OA. $2,400 O B. $9,600 OC. $4,000 O D. $1,200