Sales revenue is based on the ________ of the inventory,while cost of goods sold is based on the ________ of the inventory.

Question

Quizplus · Accepted Answer

Sales revenue is the amount of money earned from selling inventory, which is based on the selling price. Cost of goods sold is the cost of the inventory sold, which is based on the cost of the inventory. Therefore, option D is correct where sales revenue is based on the selling price of inventory, while cost of goods sold is based on the cost of the inventory.

Sales Revenue Is Based on the ________ of the Inventory,while