Wildhorse Company, a wholesaler, budgeted the following sales for the indicated months:

June

July

August

Sales on account$2520000

$2580000

$2670000

Cash sales252000

282000

372000

Total sales$2772000

$2862000

$3042000

All merchandise is marked up to sell at its invoice cost plus20%. Merchandise inventories at the beginning of each month are at30% of that month's projected cost of goods sold.

The cost of goods sold for the month of June is anticipated to be

$2310000.

$2132308.

$2217600.

$1940400.