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The correct formula to measure the Cost of Goods Sold is _____.

Responses

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

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

Beginning Inventory + Inventory Purchases + End Inventory = Cost of Goods Sold
Beginning Inventory + Inventory Purchases + End Inventory = Cost of Goods Sold

none of the above
none of the above

All Answers 1

Answered by GPT-5 mini AI
Beginning Inventory + Inventory Purchases - End Inventory = Cost of Goods Sold

Explanation: COGS = (Beginning Inventory + Purchases) − Ending Inventory.