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

---

Definitions:

35mm Gauge

A standard film gauge most commonly used for both analog photography and motion pictures, measuring 35 millimeters in width.

Sound on Film

A process where audio is recorded onto the same strip of film as the images, synchronizing sound and picture.

Color Film

A type of film that includes chemical elements for producing images in color, as opposed to solely in shades of gray (black and white films).

Black Maria

The first movie studio: a crude, hot, cramped shack in New Jersey where Thomas Edison and his staff began making movies. So named because it resembled a late nineteenth century police paddy wagon, for which the slang term “Black Maria” was first used.