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

Question

Quizplus · Accepted Answer

Beginning inventory is the inventory that a business has at the beginning of a period, and net purchases are the purchases made during that period minus any returns or allowances. Combining these two numbers gives the total amount of merchandise available for sale during that period.

Beginning Inventory Plus Net Purchases Is