Question 20 0.6 out o Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $8000 $14,000 $15,000 $17,000 The expected gross profit rate is 20% and the inventory at the end of February was $11,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? Selected Answer: $4080