Beginning inventory plus the cost of goods purchased equals

Name: Beginning inventory plus the cost of goods purchased equals
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Beginning inventory is the amount of inventory on hand at the start of an accounting period, and cost of goods purchased is the total cost of inventory that was acquired during the period. Adding these two amounts gives the total cost of goods available for sale during the period. Therefore, the correct answer is B.

Beginning Inventory Plus the Cost of Goods Purchased Equals