Asporting equipment store expects to purchase $7,500 of ski boots in october. the store had $3,500 of ski boots in merchandise inventory at the beginning of october, and expects to have $2,500 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. $7,500 b. $10,000 c. $8,500 d. $11,000 e. $6,000,

C. $8,500

Explanation:

The formula to compute the budgeted cost of goods sold is shown below:

= Merchandise inventory at the beginning of October + purchase made - Merchandise inventory at the ending of October

= $3,500 + $7,500 - $2,500

= $8,500

We simply added the beginning inventory and deduct the ending inventory to the purchase amount so that the accurate value can come

the answer is d. many career choices to make.