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Calculate the budgeted cost of goods purchased

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Question - Jemima's Outfits has a store in Dixie Outlet Mall. Jemima's Outfits specializes in high-class ladies fashions and sells complete outfits for a uniform price of $75 each. The outfits cost $50 each. At the beginning of 2020, it had 800 outfits in inventory. Jemima's Outfits intended to reduce its inventory to 500 outfits by the end of the year. The sales budget was to sell 6,000 outfits. Calculate the budgeted cost of goods purchased in 2020.

Reference no: EM133090437

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