If Beginning Inventory (BI) + Purchases (P) - Ending Inventory

question 98

Multiple Choice

If Beginning Inventory (BI) + Purchases (P) - Ending Inventory (EI) = Cost of Goods Sold (COGS) , an equivalent equation can be written as?

• A) BI + P = COGS - EI
• B) BI - P = COGS + EI
• C) BI + P = COGS + EI
• D) EI + P = COGS - BI

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