If a Company Has Zero Beginning Inventory and Zero Ending

question 46

Multiple Choice

If a company has zero beginning inventory and zero ending inventory which of the following is true?

• A)Cost of goods sold will equal cost of goods manufactured.
• B)Cost of goods sold will be zero.
• C)Cost of goods manufactured will be zero.
• D)Inventory levels will fluctuate each period.

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Definitions:

New Philadelphia

A historically significant town in Illinois, founded by Free Frank McWorter, an African American man, in 1836; it is notable for being the first town platted and registered by an African American before the American Civil War.

Ex-Slave

A person who has been emancipated from slavery or has escaped from enslavement.

Minstrelsy

A form of entertainment that originated in the 19th century, characterized by performances that stereotyped African-Americans, often by white performers in blackface.

Racist Exaggerations

Distorted or overblown statements that perpetuate stereotypes or biases against races, often used to justify discriminatory practices.