QUESTION 4 Which of the following correctly describes the makeup of the cost of goods sold section of the income statement under the periodic inventory procedure? A Beginning inventory Purchases Purchase returns and allowances - Purchase discounts- Transportation-in - Ending inventory B Beginning inventory Purchases Purchase returns and allowances - Purchase discounts Transportation-in Ending inventory C Beginning inventory Purchases + Purchase returns and allowances - Purchase discounts + Transportation-in- Ending inventory D Beginning inventory Purchases Purchase returns and allowances Purchase discounts Transportation-in - Ending inventory