Cost of goods sold is the cost to the merchandiser of the goods sold that period....

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Question

Cost of goods sold is the cost to the merchandiser of the goods sold that period....

Cost of goods sold is the cost to the merchandiser of the goods sold that period. It equals cost of goods available for sale less ending inventory.
True
False

business accounting

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Answer 1

Answer #0

Answer: True

Explanation:

Cost of goods sold = Cost of goods available for sales - Eding inventory

Cost of goods sold is the cost to the merchandiser of the goods sold that period.

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Answer 2

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Cost of goods sold is the cost to the merchandiser of the goods sold that period....

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Cost of goods sold equals beginning finished goods inventory, plus cost of goods manufactured, less ending...

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