The sum of the Cost of goods sold and the Ending inventory equals the Cost of goods available.

Name: The sum of the Cost of goods sold and the Ending inventory equals the Cost of goods available.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is known as the cost of goods available formula and it is mathematically correct. It is often used in inventory accounting to calculate the cost of goods sold and the value of remaining inventory after the sale.

The Sum of the Cost of Goods Sold and the Ending