Answer:
Cost of goods available for sale must be allocated at the end of the period between ending inventory and cost of goods sold.
Explanation:
Cost of goods available for sale can be described as the <u>maximum amount</u> of inventory, stock, or goods that is possible for a firm to sell during an accounting period. It is the maximum amount because it is not possible for a firm to sell more than the cost of goods available for sale.
The cost of goods available for sale is obtained by adding beginning inventory and net purchases during an accounting period. This can be stated as follows:
COGAFS = BI + NP ............................... (1)
Where;
COGAFS = Cost of goods available for sale
BI = Beginning inventory
NP = Net purchases
At the end of an accounting period, ending inventory is deducted from the cost of goods available for sale to obtain cost of goods sold as follows:
COGS = COGAFS - EI ............................ (2)
Where;
COGS = Cost of goods sold
COGAFS = Cost of goods available for sale
EI = Ending inventory
Rearranging equation (2) and solve for COGAFS, we have:
COGFAS = COGS + EI ........................... (3)
Equation (3) therefore implies that the correct option is "cost of goods available for sale must be allocated at the end of the period between ending inventory and cost of goods sold".
A(n) personal information manager (PIM) manages your email, calendar, contacts, and tasks, and includes the ability to share calendars and schedule meetings.
<h3>What is a personal information manager PIM software?</h3>
Personal information management (PIM) is a piece of software that employs tools to manage personal information such as contacts, calendars, tasks, and appointments. PIM tools differ based on user requirements and product price.
A PIM system, also known as a product information management system, enables you to automatically organize and improve data aggregation, better store data, and distribute it across all channels with a single click.
A type of application software that serves as a personal organizer is called a personal information manager. In order to refer to the field of study of personal information management, the acronym PIM is now more frequently employed.
To learn more about personal information managers refer to:
brainly.com/question/13058122
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Explanation:
the federal receive the common thing
