First things first, take the time to do a little reading in the Ammunition & Reloading - Standard Cartridges board and the Optics and Mounts board. Tons of information there to help educate you and help you make a purchasing decision. Second, the SMK bullets are a match bullet and not designed for hunting, so if you're planning to use this as a hunting rifle you'd be better served buying and developing a load for a quality hunting bullet (Nosler AccuBond or Partition, Sierra Game King, Hornady InterBond or InterFlex, etc). If you want cheap practice bullets, buy the bulk Remington or Winchester SP (soft point) bullets of a similar weight to what your preferred hunting bullet is, but you're really best served to practice with the exact load you'll be hunting with even if it does cost a few more cents every time you pull the trigger.

As for scopes, you haven't specified a budget or said how you'll be using the rifle so it's really hard to suggest or recommend anything specific to you. Easy answer is to stick with the proven name brands (Burris, Bushnell, Leupold, Redfield, Vortex, Weaver, etc.) and try to avoid any of the cheaper brands you typically find at gun shows (BSA, NCStar, Millett, Mueller, Tasco, etc). For a fairly decent and reliable 3-9x scope expect to pay at least $100 for it, closer to $200 if you want a very good but still relatively budget friendly one.