A sporting equipment store expects to purchase $7,600 of ski boots in October. The store had $3,600 of ski boots in merchandise inventory at the beginning of October, and expects to have $2,600 of ski boots in merchandise inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October?

$8,600

Explanation:

The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance.

This may be expressed mathematically as

Opening balance + purchases - cost of goods sold = closing balance

$3,600 + $7,600 - cost of goods sold = $2,600

cost of goods sold = $3,600 + $7,600 - $2,600

= $8,600

what she means is that back then a dollar (or less) could buy a lot more then because of the former state of deflation. since then a price inflation has occured.

the assumption the narrator makes in this excerpt is that the messages he heards were going to hurt the narrator's mom; the narrator just springs in to action. the narrator doesn't specify in this excerpt why he believes that the messages present a problem that requires protection.