In a perpetual inventory system cost of goods sold is recorded
A) on a daily basis.
B) on a monthly basis.
C) on an annual basis.
D) with each sale.

Name: In a perpetual inventory system cost of goods sold is recorded A) on a daily basis. B) on a monthly basis. C) on an annual basis. D) with each sale.
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Question

Quizplus · Accepted Answer

In a perpetual inventory system, cost of goods sold is recorded with each sale as the system updates the inventory and cost of goods sold accounts in real-time.

In a Perpetual Inventory System Cost of Goods Sold Is