Question
In a periodic inventory system, the cost of goods sold is calculated as a. cost of goods purchased plus ending inventory less beginning inventory. b.
In a periodic inventory system, the cost of goods sold is calculated as
a. cost of goods purchased plus ending inventory less beginning inventory.
b. beginning inventory less cost of goods purchased.
c. beginning inventory plus the cost of goods purchased less ending inventory.
d. ending inventory less cost of goods purchased.
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Managerial Accounting
Authors: James Jiambalvo
3rd Edition
0470038152, 978-0470038154
