What is the budgeted cost of goods sold for May?

Fosnight Enterprises prepared the following sales budget: Month Budgeted Sales March $3,000 April $10,000 May $12,000 June $20,000 The expected gross profit rate is 20% and the inventory at the end of February was $9000. 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? A. $1,200 B. $9,600 C. $2,400 D. $4,000 Reset Selection