Fosnight Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $8,000 $13,000 $11,000 $18,000 The expected gross profitrate is 20% and the inventory at the end of February was $12,000. 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? O A. $8,800 OB. $2,200 O c. $3,600 OD. $1,100