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 plus the cost of goods purchased equals the cost of goods available for sale. This includes all the goods that are available to be sold during the period, before subtracting the ending inventory to find the cost of goods sold.

Beginning Inventory Plus the Cost of Goods Purchased Equals