Which of the following represents the cost of goods sold calculation?

Name: Which of the following represents the cost of goods sold calculation?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost of goods sold calculation is the cost of the inventory that was sold during a specific period. The formula used to calculate cost of goods sold is beginning inventory + purchases – ending inventory. So, option B (beginning inventory + purchases - ending inventory) is the correct representation of the cost of goods sold calculation.

Which of the Following Represents the Cost of Goods Sold