Use the Information Below to Answer the Following Question(s)

Multiple Choice

Use the information below to answer the following question(s) .Frazer Inc.had the following activities in the year:

-Which of the following formulae would determine costs of goods sold in a merchandising entity?

A) Purchases - Ending inventory
B) Beginning inventory + Purchases - Ending inventory
C) Beginning inventory - Purchases + Ending inventory
D) Beginning inventory - Ending inventory - Purchases
E) Ending Inventory - Beginning inventory - Purchases