Caplico Company Has Prepared the Following Sales Budget Cost of Sales Is Budgeted at 50% of Sales and |

Caplico Company has prepared the following sales budget:
$$\begin{array} { | l | l | } \hline \text { Month } & { \text { Budgeted sales } } \\\hline \text { March } & \$ 500,000 \\\hline \text { April } & 190,000 \\\hline \text { May } & 248,000 \\\hline \text { June } & 233,000 \\\hline\end{array}$$
Cost of sales is budgeted at 50% 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 sales.What is the desired beginning inventory on 1 June?

A) $11,650
B) $23,300
C) $12,400
D) $112,000