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Under the periodic inventory system: a.inventory records are updated immediately after each purchase. b,inventory must be counted at the end of each accounting period. c.inventory
Under the periodic inventory system:
a.inventory records are updated immediately after each purchase.
b,inventory must be counted at the end of each accounting period.
c.inventory does not have to be counted. (It can be taken from the accounting records.)
d.inventory levels must be counted every day.
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