Cost of goods sold equals:
A) Beginning inventory - net purchases + ending inventory.
B) Beginning inventory - accounts payable - net purchases.
C) Net purchases + ending inventory - beginning inventory.
D) Beginning inventory + net purchases - ending inventory.
Answer: Beginning inventory + net purchases - ending inventory.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.