If Inventory Is Updated Periodically,which of the Equations Is Correct

question 60

Multiple Choice

If inventory is updated periodically,which of the equations is correct?

• A)Cost of goods sold = Beginning inventory + Purchases − Ending inventory
• B)Cost of goods sold = Beginning inventory + Purchases + Ending inventory
• C)Beginning inventory + Purchases = Ending inventory
• D)Ending inventory = Beginning inventory + Purchases + Cost of goods sold

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