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Cost of Goods Sold Is Equal to

Question 16

Multiple Choice

Cost of goods sold is equal to

A) The cost of inventory on hand at the end of a period plus net purchases minus the cost of inventory on hand at the beginning of a period
B) The cost of inventory on hand at the beginning of a period minus net purchases plus the cost of inventory on hand at the end of a period
C) The cost of inventory on hand at the beginning of a period plus net sales minus the cost of inventory on hand at the end of a period
D) The cost of inventory on hand at the beginning of a period minus the cost of inventory on hand at the end of a period plus net purchases

Correct Answer: