Under periodic inventory,the company first calculates Cost of goods sold for the period,and then determines what the Ending inventory balance is.

Name: Under periodic inventory,the company first calculates Cost of goods sold for the period,and then determines what the Ending inventory balance is.
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Under periodic inventory, the company first determines the Ending inventory balance and then calculates Cost of goods sold for the period.

Under Periodic Inventory,the Company First Calculates Cost of Goods Sold