QUESTION $10$

Which of the following statements regarding cost of goods available for sale is true?

a$.$ Cost of goods available for sale is an expense account.

b$.$ Cost of goods available for sale is added to beginning inventory to determine cost of purchases during the period.

c$.$ Cost of goods available for sale is subtracted from net sales to arrive at the gross margin.

d$.$ Cost of goods available for sale is a "pool" of costs to be distributed between what was sold and what was not sold during a period.