​Which of the following will be the same amount regardless of the cost flow assumption adopted?

A) ​number of items ordered
B) ​gross profit
C) ​cost of goods sold
D) ​ending merchandise inventory

Cost flow assumption

An accounting method that determines how costs are allocated to inventory and cost of goods sold, such as FIFO, LIFO, or weighted average.

Gross profit

The difference between sales revenue and the cost of goods sold before accounting for operating expenses, interest, taxes, etc.

Ending merchandise inventory

The worth of products on hand for purchase at the conclusion of a financial period.