Cost of Goods Sold Is Equal to the

Cost of goods sold is equal to the

A) total amount of merchandise purchased during the year.
B) cost of goods purchased plus transportation-in costs less ending inventory.
C) cost of goods purchased plus transportation-in costs plus beginning inventory minus purchase returns and allowances and purchase discounts minus ending inventory.
D) cost of goods purchased plus transportation-in costs plus beginning inventory minus purchase returns and allowances and purchase discounts.