Question
The cost of goods sold account represents the cost of inventory: remaining in a companys inventory account at year end and classified as ending inventory
The cost of goods sold account represents the cost of inventory:
remaining in a companys inventory account at year end and classified as ending inventory
purchased during the year plus inventory sold.
Sold during the year
available for sale at the beginning of the year.
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, Gerald G. Griffin
6th Edition
0471293253, 978-0471293255
