Sarah owns a small jewelry booth at a local flea market, and she is in the process of creating a Cost of Goods Sold budget for the month of July of this year. She has collected information from her past records and notes that her Merchandise Inventory Balance for the end of June is $220. She will be purchasing 1,000 units from a supplier at a price of $0.42 per unit. She believes her Ending Merchandise Inventory will be $98. What is Sarah's Cost of Goods Sold budget for July? $542 $640 $102 $4,322