A merchandise company's beginning inventory plus merchandise purchases equals:

Question

Quizplus · Accepted Answer

Beginning inventory is the opening inventory at the beginning of an accounting period, and merchandise purchases are the goods purchased to sell during that period. Together, they make up the total amount of goods available for sale during that period. The ending inventory is the remaining inventory at the end of the period, and cost of goods sold is the cost of the goods sold during that period. Net purchases is the total amount of purchases made during that period, excluding any returns, discounts, or allowances.

A Merchandise Company's Beginning Inventory Plus Merchandise Purchases Equals