beginning inventory plus net purchases is: multiple choice cost of goods sold. merchandise available for…

beginning inventory plus net purchases is: multiple choice cost of goods sold. merchandise available for sale. ending inventory. sales. shown on the balance sheet.

beginning inventory plus net purchases is: multiple choice cost of goods sold. merchandise available for sale. ending inventory. sales. shown on the balance sheet.

Answer

Answer:

Merchandise available for sale.

Brief Explanations:

In accounting, the formula for merchandise available for sale is beginning inventory plus net purchases. Cost of goods sold is calculated as merchandise available for sale minus ending inventory. Ending inventory is what remains after sales. Sales are revenue from selling goods. And merchandise available for sale is shown on the income statement (not the balance sheet) as part of the cost - of - goods - sold calculation. So, beginning inventory plus net purchases gives merchandise available for sale.