For a Company with Only Finished Goods Inventories,purchases Can Be

question 1

Multiple Choice

For a company with only finished goods inventories,purchases can be estimated with the formula

• A)(Beginning Inventory - Ending Inventory)- Cost of Goods Sold
• B)(Beginning Inventory - Ending Inventory)+ Cost of Goods Sold
• C)(Ending Inventory - Beginning Inventory)- Cost of Goods Sold
• D)(Ending Inventory - Beginning Inventory)+ Cost of Goods Sold

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