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Which of the following best describes cost of goods available for sale? a. Cost of goods available for sale is subtracted from net sales to

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Which of the following best describes "cost of goods available for sale"? a. Cost of goods available for sale is subtracted from net sales to arrive at the gross margin. b. Cost of goods available forfsale is added to beginning inventory to determine cost of purchases during the period. c. Cost of goods available for sale is allocated into cost of ending inventory and cost of goods sold. d. Cost of goods available for sale is an expense account

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