Caplico Company Has Prepared the Following Sales Budget Cost of Goods Sold Is Budgeted at 60% of Sales,and

Caplico Company has prepared the following sales budget: $$\begin{array} { | l | r | } \hline \text { Month } & \text { Budgeted Sales } \\\hline \text { March } & \$ 400,000 \\\hline \text { April } & 182,000 \\\hline \text { May } & 220,000 \\\hline \text { June } & 232,000 \\\hline\end{array}$$ Cost of goods sold is budgeted at 60% of sales,and the inventory at the end of February was $35,000.Desired inventory levels at the end of each month are 20% of the next month's cost of goods sold.What is the desired beginning inventory on June 1?

A) $46,400
B) $26,400
C) $130,200
D) $27,840

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