The periodic inventory calculation is BI + P EI = COS. The perpetual inventory calculation is

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The periodic inventory calculation is BI + P – EI = COS. The perpetual inventory calculation is BI + P – COS = EI. Explain the significance of the difference between these two calculations.
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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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