1. The "Cost of Goods Sold" account represents the cost of inventory A. remaining in the inventory account at the end of the period B. Purchased during the year plus inventory sold C. Sold during the year D. Available for sale at the beginning of the year 1. The "Cost of Goods Sold" account represents the cost of inventory A. remaining in the inventory account at the end of the period B. Purchased during the year plus inventory sold C. Sold during the year D. Available for sale at the beginning of the year