In a periodic inventory system, the cost of goods sold is determined

Name: In a periodic inventory system, the cost of goods sold is determined
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In a periodic inventory system, the cost of goods sold is determined at the end of the accounting period by subtracting the value of ending inventory from the sum of beginning inventory and purchases. Therefore, the cost of goods sold is not determined after each sale or purchase, or at the beginning of the accounting period.

In a Periodic Inventory System, the Cost of Goods Sold