A. Beginning Merchandise Inventory plus Net Delivered Cost of Purchases less Ending Merchandise Inventory equals Cost of Goods Sold.
B. Total Merchandise Available for Sale less Ending Merchandise Inventory.
C. Both A and B.
D. Neither A or B.
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Home » Business » The cost of goods sold is calculated as follows: A. Beginning Merchandise Inventory plus Net Delivered Cost of Purchases less Ending Merchandise Inventory equals Cost of Goods Sold. B.