CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

Which one of the following is true?

A. Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory
B. Ending Inventory = Cost of Goods Sold + Purchases - Beginning Inventory
C. Ending Inventory = Beginning Inventory - Purchases + Cost of Goods Sold
Correct Answer: A

Just remember this:
Ending Inventory = Beginning Inventory + Purchases - COGS

User Contributed Comments 4

User Comment
quincy Begining Inventory + Purchase = COGS + Ending Inventory
2014 Or BPC (British Petroleum Corporation) B+P-C "BPC"
2014 = EI = "BPC"
ashish100 Or use logic.
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