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

---

Definitions:

Ozone

A molecule made of three oxygen atoms, significant in the stratosphere where it protects life by absorbing harmful ultraviolet radiation.

Hydrogen Gas

A colorless, odorless, and highly flammable gas, the lightest and most abundant element in the universe, used in various industrial processes.

Biomass

Organic material derived from plants and animals, which can be used as a renewable energy source.

Environmental Quality

Refers to the condition of the environment and its capacity to support the health of ecological communities and human well-being.