Multiple Choice
Sander Enterprises prepared the following sales budget: 
The expected gross profit rate is 20% and the inventory at the end of February was $15,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold.
What is the desired ending inventory on May 31?
A) $840
B) $2640
C) $3360
D) $11,200
Correct Answer:
Verified
Correct Answer:
Verified
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