Cost of Good Sold(COGS) equal:

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A firm's inventory turnover (IT) is 5 times on a cost of goods sold (COGS) of $8...
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Emad Mohammed said abdalla
30-March-2015

<p>a. Purchases + Ending Inventory - Beginning Inventoryb. Beginning inventory + Purchases - Ending Inventoryc. Beginning inventory + Ending Inventory - Purchases</p>

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Question added by Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate
Date Posted: 2014/09/23

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by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(B) is the Correct Ans.

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by Deleted user

b. Beginning inventory + Purchases - Ending Inventory

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