What is the budgeted cost of goods sold

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Reference no: EM131219121

A sporting equipment store expects to purchase $8,000 of ski boots in October. The store had $4,000 of ski boots in merchandise inventory at the beginning of October, and expects to have $3,000 of ski boots in merchandise inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October?

a) $7,000.

b) $9,000.

c) $8,000.

d) $12,000.

e) $11,000.

Reference no: EM131219121

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