Question

Merchandise inventory available at the beginning of the period plus cost of goods purchased minus merchandise inventory at the end of the period equals

Answer 1

Cost of goods sold

Step-by-step explanation:

The cost of goods sold is the cost that is directly incurred for producing the goods that are sold by the organization

Here the formula to compute the cost of goods sold is

Cost of goods sold = beginning balance of raw material + purchase made during the year - ending balance of raw material

Therefore the cost of goods sold is the right answer