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Which of the following combinations of equations calculates the Cost of Goods Sold for a period in which sales and purchases were made? i Opening

Which of the following combinations of equations calculates the Cost of Goods Sold for a period in which sales and purchases were made?

i Opening Stock ii Closing Stock iii Purchases for the period iv Goods available for sale

Select one:

a. i - ii

b. iv ii

c. iv - iii

d. i + iii - ii + iv

e. None of the above

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