current attempt in progress\ncost of goods available for sale consists of two elements: the cost of…

current attempt in progress\ncost of goods available for sale consists of two elements: the cost of beginning inventory and the cost of\n○ ending inventory.\n○ goods purchased.\n○ goods sold.\n○ all of these answer choices are correct.

current attempt in progress\ncost of goods available for sale consists of two elements: the cost of beginning inventory and the cost of\n○ ending inventory.\n○ goods purchased.\n○ goods sold.\n○ all of these answer choices are correct.

Answer

Brief Explanations:

The cost of goods available for sale is calculated as the sum of the cost of beginning inventory and the cost of goods purchased. The cost of ending inventory is not part of the cost of goods available for sale (it is subtracted from cost of goods available for sale to get cost of goods sold). The cost of goods sold is also not part of the cost of goods available for sale.

Answer:

goods purchased.