Ivanhoe Company, a wholesaler, budgeted the following sales for the indicated months: June JulyAugust $2820000 $2880000 $2970000 Sales on account Cash sales Total sales 282000 312000 402000 $3102000 $3192000 $3372000 All merchandise is marked up to sell at its invoice cost plus 20%. Merchandise inventories at the beginning of each month are at 30% of that month's projected cost of goods sold The cost of goods sold for the month of June is anticipated to be O $2386153 $2585000 O $2481600. $2171400