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If budgeted beginning inventory is $8,300, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, budgeted purchases should be: Group of answer choices $9,160 $11,360 $1,960 $860 $1,100

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Answer: $11,360

Explanation:

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

10,260 = 8,300 + Budgeted purchases - 9,400

Budgeted purchases = 10,260 - 8,300 + 9,400

= $11,360

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