Question

____ are the goods and materials available for sale at the beginning of a period.

Raw materials

Ending inventory

Cost of goods sold

Beginning inventory

Answer 1

D- Beginning inventory

Step-by-step explanation:

Answer 2

Beginning inventory

Step-by-step explanation:

Beginning inventory refers to the finished goods that are still in the business premises at the beginning of a fiscal year. They represent the finished products that the business was not able to sell in the past period. Beginning inventory becomes part of the inventory to be sold in the current year.

Other terms that describe beginning inventory are opening inventory, opening stock, and balance brought forward.