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Which of these is common among perpetual inventory systems? Select all that apply. Cost of Goods Sold = Purchases - Change in Inventory Inventory records
Which of these is common among perpetual inventory systems? Select all that apply.
Cost of Goods Sold = Purchases - Change in Inventory |
Inventory records are kept only for certain types of items. |
Inventory purchases are debited to a purchases account. |
The cost of goods sold is recorded with every sale. |
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