A lamp store purchased $3,800 of lamps in September.The store had $1,600 of lamps on hand at the beginning of September,and expected to have $1,300 of lamps at the end of September to cover part of anticipated October sales.What is the budgeted cost of goods sold for September?

Question

Quizplus · Accepted Answer

B)
BI $1,600
+ Purchases 3,800
= Goods Available 5,400
Less: EI 1,300
= Cost of Goods Sold $4,100

A Lamp Store Purchased $3,800 of Lamps in September