Inventoriable Costs May Be Thought of as a Pool of Costs

Multiple Choice

Inventoriable costs may be thought of as a pool of costs consisting of which two elements?

A) The cost of beginning inventory and the cost of ending inventory
B) The cost of ending inventory and the cost of goods purchased during the year
C) The cost of beginning inventory and the cost of goods purchased during the year
D) The difference between the costs of goods purchased and the cost of goods sold during the year