the amount of cost of good sold is most influence by the
cost of the unsold items
cost of the items sold
inventory method used
number of item sold

Question

the amount of cost of good sold is most influence by thecost of the unsold items cost of the items soldinventory method usednumber of item sold

David · Accepted Answer

The amount of cost of goods sold is most influence by the 
Cost of the unsold items  
cost of the items sold 
inventory method used 
number of item sold
Solution 
Cost of the items sold 
Cost of goods sold has been defined as the direct costs which have been attributed to 
the production of the goods sold by a company. The formula for calculating the cost of 
goods sold is
Beginning Inventory  
Add purchases made during the year  
Cost of goods Available for Sale  
Less Ending Inventory  
Cost of Goods Sold
The main purpose of cost of goods sold is to find out the actual cost for the 
merchandise that was sold. It also tells the true cost of producing the merchandise that 
the customers purchased during the year. Therefore, it deals with the cost of items sold 
and not with the number of items sold.

the amount of cost of good sold is most influence by the cost of the unsold items cost of the items sold inventory method used number of item sold

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