Question: Please provide the solution to this general accounting question using proper accounting principles. A furniture store purchased $18,500 worth of sofas in March. The store

Please provide the solution to this general accounting question using proper accounting principles.

A furniture store purchased $18,500 worth of sofas in March. The store had $7,200 worth of sofas in inventory at the beginning of March and expects to have $5,500 of sofas in inventory at the end of March to prepare for April sales. What is the budgeted cost of goods sold (COGS) for March

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