Business: A sporting equipment store expects to purchase $8,600 of ski boots in October. The store had $2,400 of ski boots in merchandise inventory at the beginning of October, and expects to have $1,400 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

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A sporting equipment store expects to purchase

ghlin96

02.05.2021

the budgeted cost of goods sold is $9,600

Explanation:

The computation of the budgeted cost of goods sold is shown below:

As we know that

Budgeted cost of goods sold = Beginning inventory + Purchase - Ending Inventory

= $2,400 + $8,600 - $1,400

= $9,600

Hence, the budgeted cost of goods sold is $9,600

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