Under the periodic inventory system,cost of goods sold is recorded throughout the accounting period as inventory is sold.

Name: Under the periodic inventory system,cost of goods sold is recorded throughout the accounting period as inventory is sold.
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Under the periodic inventory system, cost of goods sold is only recorded at the end of the accounting period through a physical count of inventory and calculation of cost of goods sold using the beginning inventory and purchases during the period.

Under the Periodic Inventory System,cost of Goods Sold Is Recorded