Which of the following statements is correct?
1
Opening Stock + Net Purchases - Direct Expenses - Closing Stock = Cost of Goods Sold
2
Opening Stock + Net Purchases + Direct Expenses - Closing Stock = Cost of Goods Sold
3
Opening Stock - Net Purchases + Direct Expenses + Closing Stock = Cost of Goods Sold
4
Opening Stock + Net Purchases + Direct Expenses + Closing Stock = Cost of Goods Sold