A sporting goods store budgeting September purchases of ski jackets at $17,000. The store had ski jackets costing $1,200 on hand at the beginning of September and to cover part of anticipated October sales they expect to have $4,200 of ski jackets on hand at the end of September. What was the budgeted cost of goods sold for September?
A sporting goods store budgeting September purchases of ski jackets at $17,000. The store had ski jackets costing $1,200 on hand at the beginning of September and to cover part of anticipated October sales they expect to have $4,200 of ski jackets on hand at the end of September. What was the budgeted cost of goods sold for September?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:A sporting goods store budgeting September purchases of ski jackets at $17,000. The store had ski
jackets costing $1,200 on hand at the beginning of September and to cover part of anticipated
October sales they expect to have $4,200 of ski jackets on hand at the end of September. What was
the budgeted cost of goods sold for September?
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