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Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory
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Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory
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4. Merchandising Operations / Cost of Goods Sold - Perpetual Inventory vs. Periodic Inventory / Problem 2
Problem 2
When does a periodic inventory system update the inventory account?
A
At the beginning of the accounting period.
B
Continuously throughout the period.
C
After each sale.
D
At the end of the accounting period.
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