Peabody Enterprises Peabody Enterprises prepared the following sales budget:
Month Budgeted Sales
March $5,890
April $13,152
May $12,045
June $14,279
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?