If budgeted beginning Inventory is 9300 budgeted ending inve

If budgeted beginning Inventory is $9,300, budgeted ending inventory is $10600, and budgeted cost of goods sold is $11,260, budgeted purchases should be: O $660 O $12.560 $1,300 O $9.960 O $1960

Solution

Budgeted cost of goods sold=Beginning inventory+purchases-ending inventory

11260=9300+purchases-10600

purchases=(11260+10600-9300)

=$12560.