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
Correct Answer:
Verified
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