Sander Enterprises prepared the following sales budget:

Sander Enterprises prepared the following sales budget:

Month	Budgeted Sales
March	$7,000
April	$10,000
May	$13,000
June	$12,000

The expected gross profit rate is

20%

and the inventory at the end of February was

$5,000.

Desired inventory levels at the end of the month are 30%

of the next month's cost of goods sold.

What is the budgeted cost of goods sold for May?

The expected gross profit rate is

2020%

and the inventory at the end of February was

$ 5 comma 000$5,000.

Desired inventory levels at the end of the month are

3030%

of the next month's cost of goods sold.

What is the budgeted cost of goods sold for May?