Allmakes Software budgeted August purchases of new software at $140,000.The store had software costing $6,000 on hand at the beginning of August, and to cover part of anticipated back-to-school sales in September they expect to have $15,000 of software on hand at the end of August.
Required: What was the budgeted cost of goods sold for August?

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The Answer of Allmakes Software budgeted August purchases of new software at $140,000.The store had software costing $6,000 on hand at the beginning of August, and to cover part of anticipated back-to-school sales in September they expect to have $15,000 of software on hand at the end of August.
Required: What was the budgeted cost of goods sold for August?

Allmakes Software Budgeted August Purchases of New Software at $140,000