To Determine Cost of Goods Sold for the Period Requires

question 204

Multiple Choice

To determine cost of goods sold for the period requires:

• A) subtracting ending inventory from the goods available to sell, which is the beginning inventory plus purchases
• B) adding ending inventory to the goods available to sell, which is the beginning inventory plus purchases
• C) subtracting beginning inventory from the goods available to sell, which is the ending inventory plus purchases
• D) adding beginning inventory to the goods available to sell, which is the ending inventory plus purchases

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