Kizspy | Question: 23
(Choose 1 answer)
(2157)
Which statement is true?
A. Ending inventory is equal to merchandise available for sale minus beginning inventory.
B. Ending inventory is equal to merchandise available for sale minus cost of goods sold.
C. Ending inventory is equal to merchandise available for sale minus net cost of purchases.
D. Beginning inventory is equal to merchandise available for sale minus cost of goods sold.
E. None of these.
