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

Accounting Jul 28, 2020

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.