Fosnight enterprises prepared the following sales budget: month budgeted sales march $ 7 comma 000 april $ 12 comma 000 may $ 14 comma 000 june $ 12 comma 000 the expected gross profit rate is 10% and the inventory at the end of february was $ 8 comma 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?

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