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A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October? A. 7,450 B. 9,450 C. 10,100 D. 12,850 E. 13,500

A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October? A. 7,450 B. 9,450 C. 10,100 D. 12,850 E. 13,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October? A. 7,450 B. 9,450 C. 10,100 D. 12,850 E. 13,500
Transcribed Image Text:A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 of ski boots in inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October? A. 7,450 B. 9,450 C. 10,100 D. 12,850 E. 13,500
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