Beginning inventory plus net purchases equals:
A)Cost of goods sold.
B)Merchandise available for sale.
C)Ending inventory.
D)Sales.
E)The inventory amount shown on the balance sheet.

Question

Quizplus · Accepted Answer

Beginning inventory represents the value of the merchandise available for sale at the start of the accounting period, and net purchases represent the merchandise that was acquired during the period. Together, they equal the total merchandise available for sale during the period.

Beginning Inventory Plus Net Purchases Equals