Use the Following Letters to Represent Items: P = Purchases

question 17

Multiple Choice

Use the following letters to represent items: P = Purchases net)
C = Cost of goods sold B = Beginning inventory E = Ending inventory
Which equation is correct?

• A) B − C + P = E
• B) B − E = C + P
• C) P − E = B + C
• D) B = C − E + P

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