If budgeted beginning inventory is $8,300, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted purchases should be:

Name: If budgeted beginning inventory is $8,300, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted purchases should be:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Budgeted purchases can be calculated using the formula: Purchases = Cost of Goods Sold + Ending Inventory - Beginning Inventory. Plugging in the values: $10,260 + $9,400 - $8,300 = $11,360.

If Budgeted Beginning Inventory Is $8,300, Budgeted Ending Inventory Is