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If Beginning Inventory (BI) + Purchases (P) - Ending Inventory

Question 98

Multiple Choice

If Beginning Inventory (BI) + Purchases (P) - Ending Inventory (EI) = Cost of Goods Sold (COGS) , an equivalent equation can be written as?

A) BI + P = COGS - EI
B) BI - P = COGS + EI
C) BI + P = COGS + EI
D) EI + P = COGS - BI

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