Which of the Following Formulas Is Used to Calculate the Cost

question 210

Multiple Choice

Which of the following formulas is used to calculate the cost of goods sold during the period?

• A) Beginning inventory plus purchases minus ending inventory
• B) Ending inventory minus beginning inventory plus purchases
• C) Purchases minus beginning inventory plus ending inventory
• D) Beginning inventory plus ending inventory minus purchases
• E) Ending inventory plus beginning inventory divided by two

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Definitions:

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The theory that language shapes and limits human thought processes and perceptions of reality.

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A form of communication typical of young children, consisting of simple two-word long sentences that communicate essential words only.

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