Which of the Following Statements Is Incorrect

Multiple Choice

Which of the following statements is incorrect?

A) Ending inventory exceeds beginning inventory when purchases are greater than cost of goods sold.
B) Cost of goods sold exceeds purchases when ending inventory is less than beginning inventory.
C) Cost of goods available for sale will always be equal to or greater than cost of goods sold.
D) Ending inventory is greater than beginning inventory when purchases are less than cost of goods sold.