The periodic inventory method is a method of record keeping that ________.

Name: The periodic inventory method is a method of record keeping that ________.
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The periodic inventory method involves calculating the cost of goods sold only at the end of the period, usually at the end of a month or year, instead of continuously updating the inventory records every time a sale is made. This method is often used by small businesses with a low volume of sales and a large variety of inventory items.

The Periodic Inventory Method Is a Method of Record Keeping