Fosnight Enterprises prepared the following sales budget: Month Budgeted Sales March $5,000 April $15,000 May $11,000 June $20,000 The expected gross profit rate is 30% and the inventory at the end of February was $11,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired ending inventory on May 31? A.$2,800 B. $1,540 C. $1,200 D. $ 14000