Estimated ending inventory can be computed by subtracting Estimated cost of goods sold from Cost of goods available for sale.

Name: Estimated ending inventory can be computed by subtracting Estimated cost of goods sold from Cost of goods available for sale.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. The formula to calculate estimated ending inventory is: Cost of goods available for sale - Estimated cost of goods sold = Estimated ending inventory.

Estimated Ending Inventory Can Be Computed by Subtracting Estimated Cost