To determine cost of goods sold for the period requires:
A) subtracting ending inventory from the goods available for sale,which is the beginning inventory plus purchases.
B) adding ending inventory to the goods available for sale,which is the beginning inventory plus purchases.
C) subtracting beginning inventory from the goods available for sale,which is the ending inventory plus purchases.
D) adding beginning inventory to the goods available for sale,which is the ending inventory plus purchases.
Correct Answer:
Verified
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