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Question
If Beginning Inventory (BI) + Purchases (P) – Ending Inventory (EI) = Cost of Merchandise Sold (COMS), an equivalent equation can be written as
a. BI + P = COMS – EI
b. BI – P = COMS + EI
c. BI + P = COMS + EI
d. EI + P = COMS – BI
Answer
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