Accountıng I Deneme Sınavı Sorusu #1181817
Which of the following is the formula of cost of goods sold?
|
Beginning Inventory - Purchases – Ending Inventory |
|
Beginning Inventory + Purchases + Ending Inventory |
|
Beginning Inventory - Purchases + Ending Inventory |
|
Beginning Inventory + Purchases – Ending Inventory |
|
Ending Inventory – Purchases – Beginning Inventory |
Yanıt Açıklaması:
The formula that is used to calculate COGS is:
COGS = Beginning Inventory + Purchases – Ending Inventory
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