To arrive at an estimated ending inventory figure: A.an estimated cost of goods sold is subtracted from
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Question:
- To arrive at an estimated ending inventory figure:
- A.an estimated cost of goods sold is subtracted from cost of goods available for sale.
- B.beginning inventory plus purchases equals cost of goods available for sale.
- C.a percentage of sales is typically used as the estimated cost of goods sold.
- D.All of these are correct.
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