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Which of the Following Calculates the Cost of Goods Sold

Question 1

Multiple Choice

Which of the following calculates the cost of goods sold during the period?


A) Beginning inventory plus purchases minus ending inventory
B) Ending inventory minus beginning inventory plus purchases
C) Purchases minus beginning inventory plus ending inventory
D) Beginning inventory plus ending inventory minus purchases
E) (Ending inventory plus beginning inventory) divided by two

Correct Answer:

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