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Which of the following statements is incorrect?<br/> <br/> -Ending inventory exceeds beginning inventory when purchases are greater than cost of goods sold

Accounting

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Which of the following statements is incorrect?<br/> <br/> -Ending

inventory exceeds beginning inventory when purchases are greater than cost of goods sold.
-Cost of goods sold exceeds purchases when ending inventory is less than beginning inventory.
-Cost of goods available for sale will always be equal to or greater than cost of goods sold.
-Ending inventory is greater than beginning inventory when purchases are less than cost of goods sold.