Under a perpetual system, what is the purpose of the Cost of Goods Sold account?

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 10, 2010 04:46 AM

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Under a perpetual system, what is the purpose of the Cost of Goods Sold account?

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The purpose of the Cost of Goods Sold account is to accu...View the full answer

Intermediate Accounting

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