which-of-the-following-represents-the-correct-rearrangement-of-the-inventory-equ

Question

Which of the following represents the correct rearrangement of the inventory equation to solve for cost of goods sold?

Accepted Answer

Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory

Answer

Beginning Inventory = Cost of Goods Sold + Purchases - Ending Inventory

Answer

Cost of Goods Sold = Ending Inventory - Beginning Inventory + Purchases

Answer

Ending Inventory = Beginning Inventory + Purchases - Cost of Goods Sold