Complete the inventory formula: Beginning Inventory + ______ = ________ + Ending Inventory
A)Cost added; cost transferred out
B)Cost transferred out; cost added
C)Cost of goods sold; cost added
D)Cost added; cost of goods manufactured

Question

Quizplus · Accepted Answer

The correct formula is: Beginning Inventory + Cost added = Cost transferred out + Ending Inventory. This formula is used in inventory management to track the flow of goods through a period, where "Cost added" represents the value of new inventory added and "Cost transferred out" represents the cost of goods that have been sold or used.

Complete the Inventory Formula: Beginning Inventory + ______ = ________

Complete the Inventory Formula: Beginning Inventory + = __