Respuesta :
I had to look for the options and here is my answer:
Based on the one presented above, we can say that the equivalent equation can be written like this: BI + P = COGS + EI. BI refers to the beginning inventory and P is the purchases. The COGS is the cost of goods sold. EI is the ending inventory. Hope this helps.
Based on the one presented above, we can say that the equivalent equation can be written like this: BI + P = COGS + EI. BI refers to the beginning inventory and P is the purchases. The COGS is the cost of goods sold. EI is the ending inventory. Hope this helps.
There seems to be a missing variable here which is the total purchases. We can have an equivalent equation written as:
the cost of goods sold(cogs) = beginning inventory + total purchases- ending inventory
where
ei= cost of goods sold
bi= beginning inventory
p =ending inventory
t= total purchases
ei= bi+t-p
The equivalent equation is ei= bi+t-p.
the cost of goods sold(cogs) = beginning inventory + total purchases- ending inventory
where
ei= cost of goods sold
bi= beginning inventory
p =ending inventory
t= total purchases
ei= bi+t-p
The equivalent equation is ei= bi+t-p.