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The following items relate to inventory cost system. identify whether each characteristic relates to a periodic system, perceptual system, nether or both 1) cost of

The following items relate to inventory cost system. identify whether each characteristic relates to a periodic system, perceptual system, nether or both

1) cost of goods sold is calculated at the end of each accounting period.

2) provides more timely data

3) an inventory count is done at the end of the period.

4) every transaction involving inventory results in a entry to the inventory account

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