Inventory reports the:
A) cost of goods available for sale
B) cost of merchandise purchased
C) cost of goods that have been delivered to customers
D) selling price times the quantity of goods sold

Question

Quizplus · Accepted Answer

Inventory reports the cost of goods available for sale, which includes both the cost of merchandise purchased and any beginning inventory that was carried over. It does not include the selling price or quantity of goods sold, nor does it reflect goods that have been delivered to customers.

Inventory Reports The