A Sporting Goods Store Purchased $7,000 Worth of Ski Boots

Multiple Choice

A sporting goods store purchased $7,000 worth of ski boots in October.The store had $3,000 of ski boots in inventory at the beginning of October and 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) $7,000
C) $8,000
D) $9,000
E) $10,000