How do you compute the desired beginning inventory and the budgeted purchases? Norton Company prepared the following sales budget: Month Budgeted Sales March $200,000 April $180,000 May $220,000 June $260,000 Cost of goods sold is budgeted at 60% of sales, and the inventory at the end of February was $36,000. Desired inventory levels at the end of each month are 30% of the next month's cost of goods sold. What is the desired beginning inventory on June 1? A) $36,000 B) $39,600 C) $43,200 D) $46,800 How much are the budgeted purchases for the month of April? A) $157,200 B) $123,900 C) $134,400 D) $99,700