1. A sporting goods store purchased $9,450 worth of ski boots in October. The store had $4,050 of ski boots in inventory at the beginning of October and expects to have $3,400 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. 7450 B. 9450 C. 10100 D. 12850 E. 13500
2. Lingstat Company is trying to decide how many units of merchandise to order each month. The company's policy is to have 20% of the next month's sales in inventory at the end of each month. Projected sales for August, September, and October are 10,500 units, 14,250 units, and 6,750 units, respectively. How many units must be purchased in September? A. 15600 B. 13500 C. 9000 D. 12750 E. 15750