2. XYZ store had $3,000 of inventory at the beginning of January. During January, it purchased $6,000 of new merchandise. Sales revenue for January was $10,000. Inventory at the end of January was $4,000. Compute the cost of goods sold (COGS) for January a) S1,000 b) $5,000 c) $7,000 d) $9,000 c) not enough information-need data on beginning and ending inventory of finished goods 5. In choosing the best decision option, do we: a) Maximize sales revenue (i.e., choose the option with the highest revenue) b) Maximize profit (value) c) Maximize opportunity costs and minimize opportunity revenues! d) Minimize costs e) All of the above