Which of the Following Formulas Represent Cost of Goods Sold

question 12

Multiple Choice

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

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

---

Definitions:

Evening People

Individuals who naturally prefer and are more active and alert in the evening hours, as opposed to morning people.

Ostracized

Being excluded, shunned, or ignored by others in a social or professional context.

Physical Pain

A sensory and emotional experience associated with actual or potential tissue damage, or described in terms of such damage.

Gene Expression

The process by which information from a gene is used in the synthesis of a functional gene product, such as proteins, which influences cell function and structure.