SeaworthyCompany, a merchandisingcompany, has prepared the following salesbudget:

Month

Budgeted Sales

March

$200,000.00

April

217,000

May

226,000

June

258,000

Cost of goods sold is budgeted at 50% ofsales, and the inventory at the end of February was $35,000.00. Desired inventory levels at the end of each month are 30% of the nextmonth's cost of goods sold. What is the desired beginning inventory on June1?