Which of the Following Is the Equation for Cost of Goods

question 49

Multiple Choice

Which of the following is the equation for cost of goods sold?

• A)Beginning inventory + net purchases - Ending inventory
• B)Beginning inventory + net purchases + Ending inventory
• C)Net purchases - Ending inventory
• D)Ending inventory + net purchases - Beginning inventory

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Definitions:

Economic Factor

Any of the various elements that influence the economy of a region or country, such as inflation, employment rates, and GDP growth.

PEST Analysis

A crucial instrument for businesses, designed to pinpoint, examine, and track the wide-ranging environmental influences that could significantly affect a company's success.

Offshoring Backlash

Negative public and political reaction against companies moving production or services to another country to reduce costs, often leading to job losses in the home country.

Technological Factor

An aspect of the external environment that represents how advances in technology can impact business operations and market competitiveness.