The Cost of Goods Sold Model can be used to estimate ending inventory.

Name: The Cost of Goods Sold Model can be used to estimate ending inventory.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Cost of Goods Sold Model helps to calculate the value of goods sold during a particular period. By subtracting the total cost of goods sold from the total cost of goods available for sale, we can calculate the estimated value of ending inventory. Therefore, the Cost of Goods Sold Model can be used to estimate ending inventory.

The Cost of Goods Sold Model Can Be Used to Estimate