Cost of goods available for sale is a step in the calculation of cost of goods sold

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Cost of goods available for sale is a step in the calculation of cost of goods sold of:

(a) a merchandising company but not a manufacturing company.

(b) a manufacturing company but not a merchandising company.

(c) a merchandising company and a manufacturing company.

(d) neither a manufacturing company nor a merchandising company.AppendixLO1

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