Beginning merchandise inventory plus the net cost of purchases is the merchandise available for sale.
举一反三
- The difference between Cost of Goods Sold and Cost of Goods Available for Sale is: A: Beginning Inventory B: Ending Inventory C: Net Sales D: Net Purchases
- Gross profit for 20X3 can be calculated from: A: Purchases for 20X3, plus inventory at 31 December 20X3, less inventory at 1 January 20X3 B: Purchases for 20X3, less inventory at 31 December 20X3, plus inventory at 1 January 20X3 C: Cost of goods sold during 20X3, plus sales during 20X3 D: Net profit for 20X3, plus expenses for 20X3
- 英译汉：merchandise inventory（ ）
- Budgeted purchases =beginning inventory + cost of goods sold – desired ending inventory.
- If the buyer returned the merchandise worth $200. It will record as______________ 200 Merchandise Inventory 200