Sander Enterprises prepared the following sales budget: Month March April May June Budgeted Sales $7,000 $15,000 $12,000 $11,000 The expected gross profit rate is 10% and the inventory at the end of February was $7,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the budgeted cost of goods sold for May? O A. $2,400 OB. $10,800 C. $9,900 OD. $1,200