Spring 20 Company has prepared the following sales budget:

Month	Budgeted Sales
Sep	$300,000
Oct	$310,000
Nov	330,000
Dec	350,000

Cost of goods sold is budgeted at 60% of sales and the inventory at the end of August was $36,000. Desired inventory levels at the end of each month are 15% of the next month's cost of goods sold. What is the desired beginning inventory on December 1? You must show your work to get credit.