In a periodic inventory system, cost of goods sold is determined by subtracting the ending inventory from the cost of goods available for sale.

Name: In a periodic inventory system, cost of goods sold is determined by subtracting the ending inventory from the cost of goods available for sale.
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In a periodic inventory system, the cost of goods sold is calculated by subtracting the ending inventory from the cost of goods available for sale, which includes beginning inventory plus purchases.

In a Periodic Inventory System, Cost of Goods Sold Is