The amount of cost of good available for sale during the year depends on the amounts of
A) beginning merchandise inventory and cost of goods sold.
B) beginning merchandise inventory, net cost of purchases, and ending merchandise inventory.
C) beginning merchandise inventory, cost of goods sold, and ending merchandise inventory.
D) beginning merchandise inventory and net costs of purchases.

Question

Quizplus · Accepted Answer

The cost of goods available for sale is calculated by adding the beginning merchandise inventory to the net cost of purchases made during the year.

The Amount of Cost of Good Available for Sale During