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:

Virtue

A trait or quality deemed to be morally good and valued as a foundation of good moral being.

Adulthood

A life stage characterized by full physical development, legal responsibility for oneself, and typically involving greater social and economic independence.

Extraverted

Characterized by outgoing, sociable, and energetic behavior towards the external environment.

Agreeable

A personality trait characterized by warmth, friendliness, and a cooperative attitude.