Benjamin Company Has the Following Data Cost of Goods Sold Average 60% of Sales

Multiple Choice

Benjamin Company has the following data:
$\begin{array}{ll}\text { Month }&\text { Budgeted Sales }\\\text { January } & \$ 108,000 \\\text { February } & 132,000 \\\text { March } & 144,000 \\\text { April } & 120,000\end{array}$
Cost of goods sold average 60% of sales.The inventory at December 31 was $19,440.Desired ending inventory levels are 20% of next month's sales at cost.What is the desired ending inventory value at February 28?

A) $15,840
B) $17,280
C) $26,400
D) $28,800