Question

Cost of goods available for sale consists of two elements: beginning inventory and: Select one:
a. ending inventory.
b. cost of goods purchased.
c. cost of goods sold.
d. All of the answer choices are correct.

Answer 1

Answer:

b. cost of goods purchased

Explanation:

Cost of goods available for sale is the maximum amount of goods or services a company can sell during a given period which is usually a fiscal year.

Cost of good available for sale = beginning inventory + Cost of goods purchased + Cost of goods produced.

I hope my answer helps you.