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  3. Study Set
    Financial Accounting Study Set 1
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    Exam 6: Merchandising Operations and the Multistep Income Statement
  5. Question
    Cost of Goods Sold Reports The
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Cost of Goods Sold Reports The

Question 1

Question 1

Multiple Choice

Cost of goods sold reports the:


A) cost of merchandise available to sell.
B) cost of merchandise purchased.
C) cost times the quantity of goods sold.
D) selling price times the quantity of goods sold.

Correct Answer:

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