The inventory, purchases, and cost of goods sold budget for a merchandiser calculates budgeted purchases using which of the following calculations?

A. Cost of goods sold + Desired ending merchandise inventory + Beginning merchandise inventory B. Cost of goods sold + Desired ending merchandise inventory Beginning merchandise inventory C. Cost of goods sold Desired ending merchandise inventory Beginning merchandise inventory D. Cost of goods sold Desired ending merchandise inventory + Beginning merchandise inventory

For a merchandising company, the ____________ is part of the selling and administrative expense budget.

A.

salaries expense

B.

merchandise purchases

C.

manufacturing overhead

D.

direct materials