Which of the Following Formulas Represents Cost of Goods Sold

question 36

Multiple Choice

Which of the following formulas represents cost of goods sold for a merchandising business?

• A)Beginning Inventory - Ending Inventory = Cost of Goods Sold
• B)Purchases and Freight In - Ending Inventory = Cost of Goods Sold
• C)Ending Inventory + Purchases and Freight In - Beginning Inventory = Cost of Goods Sold
• D)Beginning Inventory + Purchases and Freight In - Ending Inventory = Cost of Goods Sold

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