Which of the following best describes "cost of goods available for sale"?

Question

Quizplus · Accepted Answer

Cost of goods available for sale is the total cost of beginning inventory and the cost of purchases made during the period. This cost is then allocated between cost of ending inventory (inventory that is still on hand at the end of the period) and cost of goods sold (inventory that was sold during the period). Therefore, choice D is the correct answer.

Which of the Following Best Describes "Cost of Goods Available