A Sporting Equipment Store Expects to Purchase $8,000 of Ski

Multiple Choice

A sporting equipment store expects to purchase $8,000 of ski boots in October. The store had $2,000 of ski boots in merchandise inventory at the beginning of October, and expects to have
$3,000 of ski boots in merchandise 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) $9,000.
C) $10,000.
D) $8,000.
E) $7,000.