Question: I need help with this general accounting problem using proper accounting guidelines. Trail Blaze Outdoors purchased $11,200 worth of hiking gear in June. The store

I need help with this general accounting problem using proper accounting guidelines.

Trail Blaze Outdoors purchased $11,200 worth of hiking gear in June. The store had $5,000 of hiking gear in inventory at the beginning of June and expects to have $4,200 of hiking gear in inventory at the end of June to cover part of anticipated July sales. What is the budgeted cost of goods sold for June? Options: A) $12,000 B) $11,200 C) $12,500 D) $13,400 E) $14,600

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