Beginning inventory plus net purchases and plus freight in equals:
A)net purchases.
B)cost of goods available for sale.
C)cost of goods sold.
D)gross purchases.

Question

Quizplus · Accepted Answer

Beginning inventory plus net purchases and plus freight in equals the cost of goods available for sale. This figure represents the total cost of merchandise that a company has available to sell during a period, before subtracting the cost of goods sold.

Beginning Inventory Plus Net Purchases and Plus Freight in Equals