Fosnight Enterprises prepared the Following sales budget: Month Budgeted Sales March $6,000 April S13,000 May $12,000 June $14,000 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 rsquo s cost of goods sold. What is the desired ending inventory on May 31? $9,8000 $1,960 $1,680 $840 Fosnight Enterprises prepared the following sales budget: Month Budgeted Soles March $6,000 April $13,000 May $12,000 June $14,000 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 rsquo s cost of goods Sold. What is the budgeted cost of goods sold for May? $2,400 $3,600 $4,200 $8,400 Fosnight Enterprises prepared the following sales budget: Month Budgeted Sales March $6,000 April $13,000 May SI2.000 June $14,000 The expected gross profit rate is 30% and the inventory at the etui of February was $10,000. received inventory levels at the end of the month are 20% of the next month rsquo s cost of goods sold. What are the total purchases budgeted for April? $8,680 $10,920 $ 9,240 $8,960