Beginning inventory plus the cost of goods purchased equals
A) cost of goods sold.
B) cost of goods available for sale.
C) net purchases.
D) total goods purchased.

Question

Quizplus · Accepted Answer

Beginning inventory is the value of goods a business has at the beginning of an accounting period. Cost of goods purchased is the value of all goods purchased during the accounting period. Adding these two values together gives the total value of goods available for sale.

Beginning Inventory Plus the Cost of Goods Purchased Equals