Under the periodic inventory system,cost of goods sold is not recorded until the end of the accounting period.

Name: Under the periodic inventory system,cost of goods sold is not recorded until the end of the accounting period.
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Under the periodic inventory system, cost of goods sold is calculated at the end of the accounting period by subtracting the ending inventory from the cost of goods available for sale. It is not recorded at the time of each sale.

Under the Periodic Inventory System,cost of Goods Sold Is Not