Beginning inventory + purchases + transportation charges equals the _____.

Question

Quizplus · Accepted Answer

Beginning inventory is the merchandise on hand at the beginning of a period. Purchases are the goods acquired for resale during the period, and transportation charges are the costs of bringing the merchandise to the retailer's place of business. Therefore, the sum of beginning inventory, purchases, and transportation charges represents the cost of merchandise available for sale during the period.

Beginning Inventory + Purchases + Transportation Charges Equals the _____