Which of the Following Formulas Determine Cost of Goods Sold

question 183

Multiple Choice

Which of the following formulas determine cost of goods sold in a merchandising entity?

• A) Beginning inventory + Purchases + Ending inventory = Cost of goods sold
• B) Beginning inventory + Purchases - Ending inventory = Costs of goods sold
• C) Beginning inventory - Purchases + Ending inventory = Cost of goods sold
• D) Beginning inventory - Ending inventory - Purchases = Cost of goods sold

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Definitions:

Mobile First

A design strategy that prioritizes creating websites and applications for mobile devices before making designs suitable for desktop computers.

Smartphones

Mobile devices combining a phone with advanced features such as internet connectivity, apps, and a touchscreen interface.

Tablets

Portable computing devices featuring a touchscreen and offering a blend of smartphone and laptop functions.

Mobile Technology

Describes portable devices and wireless communications technologies that allow for internet access, data exchange, and mobile applications.