Seaworthy Company, a merchandising company, has prepared the following sales budget: Month Budgeted Sales March $400,000 April 207,000 May 241,000 June 248,000 Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of February was $34,000. Desired inventory levels at the end of each month are 10% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? Question content area bottom Part 1
