Which of the Following Formulas Represents Cost of Goods Sold

question 158

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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