Multiple Choice
Which of the following reflects the equation for cost of goods available for sale?
A) beginning inventory - purchases + purchase returns - purchases discounts + freight in charges
B) beginning inventory + purchases - purchase returns - purchases discounts + freight in charges
C) beginning inventory + purchases - purchase returns - purchases discounts + freight in charges - ending inventory
D) ending inventory + purchases - purchase returns - purchases discounts + freight in charges - beginning inventory
E) beginning inventory + purchases - purchase returns - purchases discounts + freight in charges - freight out - ending inventory
Correct Answer:
Verified
Correct Answer:
Verified
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