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

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Definitions:

Total Resistance

The overall opposition to electric current flow within a circuit, typically measured in Ohms (Ω), considering all series and parallel resistances.

Circuit Branch

A point in an electric circuit where current can flow in more than one direction.

Load

The power consumed by a piece of equipment or a circuit while performing its function.

Increase Of Load

Refers to a situation where the demand for current or power in a circuit increases, which can affect the performance of the electrical system, including voltage levels and stability.