A sporting goods store purchased $7,000 of ski boots in October. The store had $3,000...
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Accounting
A sporting goods store purchased $7,000 of ski boots in October. The store had $3,000 of ski boots in inventory at the beginning of October, and it expects to have $2,000 of ski 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) $5,000
b) $6,000
c) $8,000
d) $10,000
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