Question
A shoe store purchased $10,000 of boots in October. The store had $5,000 of boots in inventory at the beginning of October, and expects to
A shoe store purchased $10,000 of boots in October. The store had $5,000 of boots in inventory at the beginning of October, and expects to have $2,000 of 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. | $ 13,000. | |
| B. | $10,000.
| |
| C. | $ 9,000 | |
| D. | $ 3,000 | |
| E. | $ 7,000
PLEASE CHOOSE AND SPECIFY THE CORRECT ANSWER |
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Financial Accounting
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin
7th Canadian Edition
0135433061, 9780135433065
