how-do-purchase-discounts-affect-the-calculation-of-cost-of-goods-sold-in-a-peri

Question

How do purchase discounts affect the calculation of cost of goods sold in a periodic inventory system?

Accepted Answer

They decrease the cost of goods sold.

Answer

They increase the cost of goods sold.

Answer

They increase the ending inventory.

Answer

They have no effect on the cost of goods sold.