Cost of goods sold may be computed by
A) adding beginning inventory and ending inventory together.
B) subtracting ending inventory from cost of goods available for sale.
C) subtracting beginning inventory from cost of goods available for sale.
D) adding beginning inventory to cost of goods available for sale.
E) subtracting beginning inventory from net purchases.

Question

Quizplus · Accepted Answer

Cost of goods sold is calculated by subtracting the ending inventory from the cost of goods available for sale.

Cost of Goods Sold May Be Computed by