Cost of Sales Is Calculated By

question 42

Multiple Choice

Cost of sales is calculated by:

• A)adding the cost of inventory on hand at the start of the period minus the cost of any purchases of materials during the year and then subtract the cost of ending inventory.
• B)adding the cost of the inventory at the start of the period plus the cost of any purchases of materials during the year and then subtract the cost of the ending inventory.
• C)adding the cost of the inventory on hand at the start of the period plus the cost of any purchases of materials during the year and then add the cost of the ending inventory.
• D)adding the cost of the inventory on hand at the end of the period plus the cost of any purchases of materials during the year and then subtract the costs of the beginning inventory.

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Definitions:

Smoking Cigarettes

The act of inhaling and exhaling the smoke produced by burning tobacco in rolled paper.

Critical Thinking

A way of evaluating the claims and comments of other people that involves skepticism and examination of evidence.

Reinforcement

In behavioral psychology, a consequence applied that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Introspection

The examination of one's own thoughts, feelings, and sensations as a means of personal reflection or psychological analysis.