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

Question

Quizplus · Accepted Answer

Sales revenue is based on the selling price of the inventory, while cost of goods sold is based on the cost of the inventory. Therefore, the best choice is D, where sales revenue is based on the sales price and cost of goods sold is based on the cost of the inventory.

Sales Revenue Is Based on the ________ Price of the Inventory