Which of the following is the entry used to determine cost of goods sold when the periodic inventory system is used?

Question

Quizplus · Accepted Answer

In the periodic inventory system, the cost of goods sold is determined by subtracting the ending inventory from the cost of goods available for sale. Option B (11ea5e13_1ae2_2808_93f8_5fef67577e38_TB2458_00) is the only entry that represents the cost of goods available for sale, including both beginning inventory and purchases during the period. None of the other options provide this information.

Which of the Following Is the Entry Used to Determine