Use the Information Below to Answer the Following Question(s)

Multiple Choice

Use the information below to answer the following question(s) .Toronto Industries Inc.had the following activities during the year:

-Goods available for sale that are not in ending inventory

A) are included in goods available for sale in the next year.
B) are included in the work-in-process inventory at the end of the year.
C) are not accounted for until the next year.
D) are incorporated in the cost of goods sold amount.
E) are included in beginning inventory.