In a periodic inventory system, why must inventory be physically counted to determine cost of goods sold?
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In a periodic inventory system cost of goods sold is not calculated after each inventory transact...View the full answer
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Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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