Recording the budgeted cost of goods sold, Cost Accounting

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Recording the budgeted cost of goods sold

Response to the following problem:

A department store has budgeted cost of goods sold for october of 30,000usd for its womens coats. management also wants to have 8,000usd of coats in inventory at the end of the month to prepare for the winter season. beginning inventory in october was 6,000usd.

What dollar amount of coats should be purchased to meet the above objectives?

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Cost Accounting: Recording the budgeted cost of goods sold

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