Wertheim Inc. prepared the following sales budget: Budgeted Sales Month March $3000 April $10,000 May $12,000 $20,000 June led, at the The expected gross proht rate is 20% and the inventory at the end of February was $9000. Desired inventory 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? $9400 $2400 $1200 $4000