Question

1. A sporting goods store purchased $9,450 worth of ski boots inOctober. The store had $4,050 of ski boots in inventory at thebeginning of October and expects to have $3,400 of ski boots ininventory at the end of October to cover part of anticipatedNovember sales. What is the budgeted cost of goods sold forOctober? A. 7450 B. 9450 C. 10100 D. 12850 E. 13500

2. Lingstat Company is trying to decide how many units ofmerchandise to order each month. The company's policy is to have20% of the next month's sales in inventory at the end of eachmonth. Projected sales for August, September, and October are10,500 units, 14,250 units, and 6,750 units, respectively. How manyunits must be purchased in September? A. 15600 B. 13500 C. 9000 D.12750 E. 15750