Companies Must Allocate the Cost of All the Goods Available

Multiple Choice

Companies must allocate the cost of all the goods available for sale (or use) between

A) The cost goods on hands at the beginning of the period as reported on the statement of financial position and the cost of goods acquired or produced during the period.
B) The cost of goods on hand at the end of the period as reported on the statement of financial position and the cost of goods acquired or produced during the period.
C) The income statement and the statement of financial position.
D) All of the choices are correct.