g On which financial statements would you look to find the total costs of merchandise that remains and the total that has been sold?

Balance Sheet and Income Statement

Explanation:

In the case of finding the total costs of merchandise that remains and the total that has been sold as described from the question, the financial statements one would look to is Balance Sheet and Income Statement. Balance Sheet in financial accounting contains the financial statement of a company. This financial statement usually have the liability, asset aw well as total debt and other in it, with Asset been recorded at one side of it and liabilities at other side. It is usually calculated at intervals in the company, some 6months, quarter of a year or a year. It summarize the financial balance of organization as well as individual.

Income Statement is also a financial statement known as "profit and loss" account that provides the expenses, revenue, loss as well as profit of the company.

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