Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Basic Question 11 of 24
At year-end, all costs of goods available for sale either become cost of goods sold or ending inventory. True or False?
User Contributed Comments 2
| User | Comment |
|---|---|
| vatsal92 | It means either inventory is COGS or Closing stock. |
| kieranjh | don't the goods have to actually be sold to be COGS? it seems logical that an unsold good is just inventory. |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe general principles of expense recognition, specific expense recognition applications, implications of expense recognition choices for financial analysis and contrast costs that are capitalized versus those that are expensed in the period in which they are incurred
CFA® 2025 Level I Curriculum, Volume 2, Module 2.