Under the periodic inventory system,which of the following amounts will always stay the same regardless of the inventory valuation method used?

Question

Quizplus · Accepted Answer

Net purchases will always remain the same regardless of the inventory valuation method used in the periodic inventory system because it is calculated as the difference between purchases and purchase returns and allowances. The other options (ending merchandise inventory, cost of goods sold, and gross profit) can vary depending on the inventory valuation method used.

Under the Periodic Inventory System,which of the Following Amounts Will