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Which of the following statements is true? COGS is always higher under a periodic system. COGS is not recorded under a periodic system until the

Which of the following statements is true?

  • COGS is always higher under a periodic system.

  • COGS is not recorded under a periodic system until the end of the period.

  • COGS is not recorded under a perpetual system until the end of the period.

  • COGS is always higher under a perpetual system.

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