The sum of the Cost of sales and the Ending inventory equals the Cost of goods available.

Name: The sum of the Cost of sales and the Ending inventory equals the Cost of goods available.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Cost of goods available is the sum of the Beginning inventory, Purchases, and Freight-in. The Cost of sales is the sum of the Beginning inventory and Purchases, minus the Ending inventory. Therefore, the sum of the Cost of sales and the Ending inventory equals the Cost of goods available.

The Sum of the Cost of Sales and the Ending