Voyager Corporation Has the Following Information The Cost of Goods Sold Percentage Is 80% and the

Multiple Choice

Voyager Corporation has the following information: $\begin{array}{lr}\text { Month } & \text { Budgeted Sales } \\\hline \text { May } & \$ 46,000 \\\text { June } & 50,000 \\\text { July } & 52,000 \\\text { August } & 48,000\end{array}$ The cost of goods sold percentage is 80% and the desired inventory level is 25% of next month's sales._____ is the desired beginning inventory for August.

A) $9,600
B) $8,450
C) $4,200
D) None of these answers is correct