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Complete the table below with answers to questions related to the 2 types of inventory cost flow systems. Perpetual System Periodic System Question When are

Complete the table below with answers to questions related to the 2 types of inventory cost flow systems. Perpetual System Periodic System Question When are changes made to the inventory account? What account is debited when merchandise for resale or raw materials are purchased? What is the accounting treatment for freight-in charges? What is the accounting treatment for purchase returns & allowances and purchase discounts? How and when is COGS calculated

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