The total cost spent on inventory that was available to be sold during a period is called cost of goods sold.

Name: The total cost spent on inventory that was available to be sold during a period is called cost of goods sold.
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The total cost spent on inventory available to be sold during a period is called "cost of goods available for sale," while "cost of goods sold" refers to the cost of inventory actually sold during the period.

The Total Cost Spent on Inventory That Was Available to Be