Which of the Following Statements Regarding Inventory Calculations Is True

question 109

Multiple Choice

Which of the following statements regarding inventory calculations is true?

• A) Beginning inventory + net purchases - ending inventory = cost of goods sold.
• B) Goods available for sale + ending inventory = cost of goods sold.
• C) Beginning inventory - cost of goods sold = goods available for sale.
• D) Beginning inventory + purchases + purchase discounts + ending inventory = cost of goods sold.

---

Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer derives from consuming an additional unit of a good or service.

Purchases

The act of buying goods or services.

Product X

A placeholder name used to refer to a generic or unspecified product in economic and marketing contexts.

Rational Consumer

The theoretical concept of a consumer who always makes decisions that provide the greatest benefit or utility according to their preferences.