Question

The cost of the merchandise that was sold to customers is

A. raw materials
B. Beginning inventory
C. cost of goods sold
D. ending inventory

Answer 1

cost of goods sold.

Step-by-step explanation:

Some more formulas

`\boxed{\begin{minipage}{5cm}\bigstar$\:\underline{\textbf{Profit and Loss Formulas :}}\\\\ \\ \sf {\textcircled{\footnotesize\textsf{1}}} \:S.P. =$\sf \bigg\lgroup(100 + Profit \%)/(100)\bigg\rgroup * 100$\\\\\\ \sf {\textcircled{\footnotesize\textsf{2}}} \:\:C.P. = $\sf (S.P. * 100)/(100 + Profit \%)$\\\\\\\sf{\textcircled{\footnotesize\textsf{3}}} \:\:Profit = $\sf (Profit \% * C.P.)/(100)$\\\\\\ \sf{\textcircled{\footnotesize\textsf{4}}} \: \:Profit (gain) = S.P. - C.P. \\\\\\\sf{\textcircled{\footnotesize\textsf{5}}} \: \:$\sf Profit \% = (Profit)/(C.P.) * 100$\end{minipage}}`