Beginning inventory plus purchases equals
A)cost of goods available for sale.
B)cost of goods sold.
C)ending inventory.
D)total inventory on hand.

Question

Quizplus · Accepted Answer

Beginning inventory plus purchases equals the cost of goods available for sale. This includes all the goods that are available to be sold during a period, before subtracting the ending inventory to find the cost of goods sold.

Beginning Inventory Plus Purchases Equals