Examveda
Examveda

Opening inventory + Net purchases = ?

A. Ending inventory

B. Closing stock

C. Cost of goods manufactured

D. Cost of goods available for sale

Answer: Option D

Solution(By Examveda Team)

Opening inventory + Net purchases = Cost of goods available for sale.
The cost of goods available for sale equals the beginning value of inventory plus the cost of goods purchased.

This Question Belongs to Commerce >> Accounting

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