What is cost of goods sold equal to?

Question

Quizplus · Accepted Answer

Cost of goods sold is the cost of the products sold during the accounting period. It is calculated by subtracting the ending inventory from the cost of goods available for sale. Therefore, option C is the correct answer. Option A is the calculation of cost of goods available for sale, not cost of goods sold. Option B is the value of inventory reported on the balance sheet, not cost of goods sold. Option D is simply the ending inventory value, not cost of goods sold.

What Is Cost of Goods Sold Equal To