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:
A) $1,100
B) $9,300
C) $11,360
D) $11,250

Question

Quizplus · Accepted Answer

Budgeted purchases = Budgeted cost of goods sold + Budgeted ending inventory - Budgeted beginning inventory = $10,260 + $9,400 - $8,300 = $11,360.

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