Which of the following formulas represents cost of goods sold for a merchandising business?

A. Beginning Merchandise Inventory - Ending Merchandise Inventory = Cost of Goods Sold

B. Purchases and Freight In - Ending Merchandise Inventory = Cost of Goods Sold

C. Ending Merchandise Inventory + Purchases and Freight In - Beginning Merchandise Inventory = Cost of Goods Sold

D. Beginning Merchandise Inventory + Purchases and Freight In - Ending Merchandise Inventory = Cost of Goods Sold