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Desired inventory levels at the end of the month are 20 of

Peabody Enterprises prepared the following sales budget:

Month	Budgeted Sales
March	$5809
April	$13392
May	$12272
June	$14039

The expected gross profit rate is 40% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.

What is the budgeted ending inventory for May in dollars not units?

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Accounting Basics: Desired inventory levels at the end of the month are 20 of

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