Question: Can you solve this general accounting question with the appropriate general analysis techniques? A hardware store purchased $7,800 worth of power tools in July. The

Can you solve this general accounting question with the appropriate general analysis techniques?

A hardware store purchased $7,800 worth of power tools in July. The store had $3,200 of power tools in inventory at the beginning of July and expects to have $2,500 of power tools in inventory at the end of July to prepare for expected August sales. What is the budgeted cost of goods sold (COGS) for July

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