Transcribed image text: In a periodic inventory system Select one: A. The cost of merchandise on hand

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Transcribed image text: In a periodic inventory system Select one: A. The cost of merchandise on hand is determined by relating the quantities on hand to records showing each item's original cost B. A continuous record of the amount of inventory on hand is maintained C. The company records the cost of new merchandise in the permanent Purchases account D. The inventory value is not based on a physical count E. None of these

Posted Date: Jun 03, 2024 03:11 PM

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Transcribed image text: In a periodic inventory system Select one: A. The cost of merchandise on hand

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