Which One of the Following Is the Correct Formula for Determining

Multiple Choice

Which one of the following is the correct formula for determining budgeted merchandise purchases?

A) budgeted sales + desired ending inventory - beginning inventory
B) budgeted production - sales + beginning inventory - desired ending inventory
C) budgeted sales - cost of goods sold + desired ending inventory - beginning inventory
D) budgeted sales - cost of goods sold + beginning inventory - desired ending inventory