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5. Assuming that costs are changing during the accounting period, under the last-in, first-out Inventory costing method, the amount of cost of goods sold calculated

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5. Assuming that costs are changing during the accounting period, under the last-in, first-out Inventory costing method, the amount of cost of goods sold calculated using the perpetual inventory system will usually differ or stay the same from the amount calculated using the periodic inventory system. 6. A company that uses the periodic inventory provides the following information: Beginning Inventory AED 12,000; Net Purchases AED 93,000 At the end of the period, the physical count of inventory reveals that AED 14,000 of inventory is on hand. What is the amount of cost of goods sold? AED

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