Cost of goods available for sale consists of the

A) cost of beginning inventory plus the cost of ending inventory.
B) cost of ending inventory plus the cost of goods purchased during the year.
C) cost of beginning inventory plus the cost of goods purchased during the year.
D) difference between the cost of goods purchased and the cost of goods sold during the year.

Goods Available

The total quantity of goods on hand at any time, including both inventory that is ready for sale and materials that will be used to produce goods.

Cost Of Goods

The total expense associated with producing goods, including raw materials and labor costs.

Beginning Inventory

The value of all inventory held by a business at the start of an accounting period.