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In: Accounting

Cost of goods available for sale consists of the: Select one: a. cost of beginning inventory...

Cost of goods available for sale consists of the:

Select one:

a. cost of beginning inventory and the cost of ending inventory.

b. difference between the cost of goods purchased and the cost of sales during the year.

c. cost of beginning inventory and the cost of goods purchased during the year.

d. cost of ending inventory and the cost of goods purchased during the year.

Solutions

Expert Solution

Answer :- c. cost of beginning inventory and the cost of goods purchased during the year.

Cost of goods available for Sale is total of Cost of Goods Manufactured or Purchased Plus Beginning Balance of Finished Goods Inventory.

ekkarill92 answered 2 years ago
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