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How is ending inventory calculated? a . Ending inventory equals beginning inventory plus purchases made during the period. b . Ending inventory equals beginning inventory
How is ending inventory calculated?
a Ending inventory equals beginning inventory plus purchases made during the period.
b Ending inventory equals beginning inventory plus purchases made during the period minus cost of goods sold.
c Ending inventory equals beginning inventory plus purchases made during the period minus cost of goods available for sale.
d Ending inventory equals beginning inventory plus sales of merchandise less cost of goods sold.
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