Ending Inventory as Calculated at the Closing of an Accounting

question 15

Multiple Choice

Ending Inventory as calculated at the closing of an accounting period is also used as the

• A) Beginning Inventory for the next accounting period.
• B) Beginning Inventory for the previous accounting period.
• C) Cost of Goods Consumed for the next accounting period.
• D) Cost of Goods Consumed for the previous accounting period.