Goods available for sale is determined by
A)adding the cost of any beginning inventory and the cost of purchases during the period.
B)subtracting the cost of any ending inventory from the cost of any beginning inventory.
C)subtracting the cost of any beginning inventory from the cost of any ending inventory.
D)subtracting the cost of any beginning inventory from the cost of purchases during the perioD.

Question

Quizplus · Accepted Answer

Goods available for sale is the total cost of all inventory items that have been purchased or produced for sale during the accounting period. It is determined by adding the cost of any beginning inventory to the cost of purchases made during the period.

Goods Available for Sale Is Determined by