TFS Corporation, a retail company selling hotel furniture, has just completed its master budget for the next fiscal year. Ending inventory is budgeted at 20% of cost of goods available for sale. Selected data from that process appear in the table below: 
TFS' budgeted cost of goods sold for the next fiscal year will be:
A) $25,000
B) $35,000
C) $21,000
D) $28,000
Correct Answer:
Verified
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