In a periodic inventory system,the cost of goods sold is recorded as each sale occurs.

Name: In a periodic inventory system,the cost of goods sold is recorded as each sale occurs.
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Unlike a perpetual inventory system,a periodic system does not track the cost of goods sold during the accounting period.The cost of goods sold is computed and recorded at the end of the period after the number of units on hand are counted and the dollar valuation of the ending inventory is computed.

In a Periodic Inventory System,the Cost of Goods Sold Is