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17 February, 15:41

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. 7450 B. 9450 C. 10100 D. 12850 E. 13500

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  1. 17 February, 18:26
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    Budgeted cost of the goods will be $10100

    So option (c) will be the correct answer

    Explanation:

    We have given purchased price of the goods = $9450

    Inventory at the beginning of October, that is beginning inventory = $4050

    And inventory at the ending of October, that is ending inventory = $3400

    We have to find the budgeted cost for goods sold in October

    Budgeted cost for goods is given by

    Budgeted cost = beginning inventory + purchase - ending inventory = $4050+$9450-$3400 = $10100

    So option (c) is the correct option
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