Net purchases plus freight-in determines
A) cost of goods sold.
B) cost of goods available for sale.
C) cost of goods purchased.
D) total goods available for sale.

Name: Net purchases plus freight-in determines A) cost of goods sold. B) cost of goods available for sale. C) cost of goods purchased. D) total goods available for sale.
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Question

Quizplus · Accepted Answer

Net purchases plus freight-in equals the cost of goods purchased, which is the total cost incurred to bring inventory to a location for sale.

Net Purchases Plus Freight-In Determines