33 points What item is subtracted from the cost of goods available for sale to arrive at cost of goods sold? Ending inventory. Purchases. Freight in. Beginning inventory. 4 3points When customers make purchases with a national credit card (e.g. VISA or Mastercard), the retailer receives cash equal to the full price of the product or service sold. must maintain detailed records of the credit card holder's account. undertakes the collection process and absorbs any and all losses. considers it a cash sale