Crew Company is a retailer. During its annual budgeting process, management determines that Crew's desired ending inventory lor safety stock) should be $250,000 less than its beginning inventory,If Crew's purchases during the year total $3,230,000, which of the following statements willbe true regarding Crew's cost of goods sold for the year? will equal $2.980,000 will exceed cost of goods available for sale COGS will be less than purchases will equal purchases COGS will be more than purchases