Which of the Following Formulas Represents Cost of Sales for a Retailing

question 79

Multiple Choice

Which of the following formulas represents cost of sales for a retailing business?

• A) Beginning inventory + purchases and freight in - ending inventory = cost of sales
• B) Purchases and freight in - ending inventory = cost of sales
• C) Ending inventory + purchases and freight in - beginning inventory = cost of sales
• D) Beginning inventory - ending inventory = cost of sales

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Definitions:

Pay Less Attention

Act of giving reduced focus or importance to something, potentially leading to overlooking or ignoring it.

Indeterminate Cleavage

Type of cleavage characteristic of deuterostomes; during early cleavage each cell has the potential of developing into a complete embryo. Compare with determinate cleavage.

Deuterostomes

A major lineage of animals characterized by embryonic development where the anus forms before the mouth, including vertebrates and several other phyla.

Protostomes

A group of animals characterized by developing the mouth earlier than the anus during embryonic development, including invertebrates like mollusks and annelids.