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Fosnight Enterprises prepared the following sales budget Month Budgeted Sales $9,000 $15,000 $13,000 20,000 March Apri May June The expected grossprofit rate is20% and the n entry at the end of February was $15,000. Desind i e tory levels at the end of the month are 30% ofthe next month's cost of goods sold. What is the desired ending inventory on May 31 O A. $16,000 B. S3.120 . $1,200 O D. $4,800 ts for a