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Under the perpetual inventory system, which of the following statements is correct? Select one: a. Inventory is updated at the end of the accounting period

Under the perpetual inventory system, which of the following statements is correct?

Select one:

a. Inventory is updated at the end of the accounting period

b. The perpetual inventory system immediately matches the cost of goods sold to the sale

c. Cost of goods sold is calculated at the end of the accounting period

d. The purchase account is maintained under the perpetual system

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