Question: 2 of 1 4 Concepts complefed Multiple Select Question Select all that apply Which statement ( s ) below correctly describe ( s ) the
of Concepts complefed
Multiple Select Question
Select all that apply
Which statements below correctly describes the relationship of cost of goods sold and ending inventory? Check all that apply.
Cost of goods sold plus ending inventory will equal the total goods available for sale.
Cost of goods sold will equal total ending inventory.
Cost of goods available for sale must be allocated between cost of goods sold and ending inventory.
Cost ofgoods sold plus goods available for sale will equal total goods in ending inventory.
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