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Question
A sporting equipment store expects to purchase $8,000 of ski boots in October. The store had $2,000 of ski boots in merchandise inventory at the beginning of October, and expects to have $3,000 of ski boots in merchandise inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October?A.$ 5,000.
B.$ 7,000.
C.$ 8,000.
D.$ 9,000.
E.$10,000.
Answer
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