Use the Following Information for the Next 7 Questions

Multiple Choice

Use the following information for the next 7 questions.
TFS Corporation, a retail company selling hotel furniture, has just completed its master budget for the next fiscal year. Ending inventory is budgeted at 20% of cost of goods available for sale. Selected data from that process appear in the table below:
-TFS' budgeted cost of goods sold for the next fiscal year will be

A) $25,000
B) $35,000
C) $21,000
D) $28,000