Inventory errors can result in errors in determining all of the following, EXCEPT
A) ending inventory.
B) sales.
C) beginning inventory.
D) cost of goods purchased.

Question

Quizplus · Accepted Answer

Inventory errors typically affect the calculation of ending inventory, beginning inventory, and cost of goods sold (not directly listed but implied through the impact on ending and beginning inventory). However, sales figures are generally not directly affected by inventory errors, as sales are recorded based on the revenue earned from goods sold, independent of inventory accounting errors.

Inventory Errors Can Result in Errors in Determining All of the Following