Which of the following formulas represents the proper method of calculating cost of goods sold? a. Beginning

Question:

Which of the following formulas represents the proper method of calculating cost of goods sold?

a. Beginning inventory 1 Ending inventory 2 Purchases

b. Ending inventory 2 Purchases 2 Beginning inventory

c. Purchases 2 Beginning inventory 2 Ending inventory

d. Beginning inventory 1 Purchases 2 Ending inventory

e. None of the above

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