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Cost of goods sold in the financial statements reports: a. the total cost of inventory...

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Accounting

Cost of goods sold in the financial statements reports: a. the total cost of inventory on hand as an asset on the balance sheet. b. the total cost of merchandise purchased during the period as an expense on the income statement. c. the total cost of merchandise sold during the period as an expense on the income statement. d. the total cost of inventory purchased during the period as an asset on the balance sheet.

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