Smoothie Vibes prepared the following sales budget: Month March April May June Budgeted Sales $4,000 $11,000 $14,000 $10,000 The expected gross profit rate is 30% and the inventory at the end of February wa What is the budgeted cost of goods sold for May? O A. $4,200 OB. $9,800 O C. $1,400 O D. $3,000 Udleem Smoothie Vibes prepared the following sales budget: This quiz: 20 point(s) possible This question: 1 point(s) possible Month March April May June Budgeted Sales $4,000 $11,000 $14,000 $10,000 The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold. What is the budgeted cost of goods sold for May? ... O A. $4,200 B. $9,800 O C. $1,400 OD. $3,000