Cost of goods sold, in a periodic inventory system, is determined by adding the cost of goods purchased to the ending inventory.

Name: Cost of goods sold, in a periodic inventory system, is determined by adding the cost of goods purchased to the ending inventory.
Brand: Quizplus
Rating: 5.0 (52 reviews)

Question

Quizplus · Accepted Answer

In a periodic inventory system, the cost of goods sold is determined by adding the cost of goods purchased during the period to the beginning inventory and then subtracting the ending inventory.

Cost of Goods Sold, in a Periodic Inventory System, Is