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What is the company budgeted cost of goods sold

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Reference no: EM132921351

Question - Socks Co. Company has computed that its required merchandise purchases are $685,440. The company's beginning inventory is budgeted at $201,600, and its desired ending inventory is budgeted at $215,040. What is the company's budgeted cost of goods sold?

A: $416,640

B: $1,102,080

C: $672,000

D: $698,880

Reference no: EM132921351

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