Which of the Following Statements Regarding Inventory Calculations Is True

Multiple Choice

Which of the following statements regarding inventory calculations is true?

A) Beginning inventory + net purchases - ending inventory = cost of goods sold.
B) Goods available for sale + ending inventory = cost of goods sold.
C) Beginning inventory - cost of goods sold = goods available for sale.
D) Beginning inventory + purchases + purchase discounts + ending inventory = cost of goods sold.