4) A sporting equipment store expects to purchase $7,400 of ski boots in October. The store had $3,400 of ski boots in merchandise inventory at the beginning of October and expects to have $2,400 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? A) $8,400. B) $9,800. C) $7,400. D) $10,800. E) $5,800