What item is NOT a line item on the purchases and cost of goods sold budget?
A) purchases of inventory
B) sales
C) beginning inventory
D) desired ending inventory

Question

Quizplus · Accepted Answer

Sales are not a line item on the purchases and cost of goods sold budget, as this budget is focused on the cost of goods sold, not the revenue generated from sales. The other options (A, C, D) are all line items on this type of budget as they are related to inventory management and cost of goods sold calculations.

What Item Is NOT a Line Item on the Purchases