Seaworthy Company, a merchandising company, has prepared the following sales budget:

Month	Budgeted Sales
March	$200,000.00
April	194,000
May	232,000
June	247,000

Cost of goods sold is budgeted at

60%

of sales, and the inventory at the end of February was

$34,000.00.

Desired inventory levels at the end of each month are

20%

of the next month's cost of goods sold. What is the desired beginning inventory on June 1?