Which of the Following Is Necessary for Computing Cost of Goods

question 142

Multiple Choice

Which of the following is necessary for computing cost of goods sold but not necessary for computing goods available for sale?

• A) Freight-in
• B) Purchases
• C) Ending merchandise inventory
• D) Beginning merchandise inventory

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Definitions:

Opening

An entrance or aperture in a structure that provides access or allows the passage of objects, fluids, or light.

Region

An area or division, especially part of a country or the world having definable characteristics but not always fixed boundaries.

Pelvis

The lower part of the torso, enclosed by the pelvic bones and containing reproductive and urinary organs.

Vulva

The external female genital organs, including the labia majora, labia minora, clitoris, and vaginal opening.