Ending inventory
Closing stock
Cost of goods manufactured
Cost of goods available for sale
✅ The correct answer is D.
Opening inventory + Net purchases = Cost of goods available for sale.
The cost of goods available for sale equals the beginning value of inventory plus the cost of goods purchased.
Opening inventory + Net purchases = Cost of goods available for sale.
The cost of goods available for sale equals the beginning value of inventory plus the cost of goods purchased.