At the time inventory is sold,cost of goods sold is recorded under the perpetual inventory system.

Name: At the time inventory is sold,cost of goods sold is recorded under the perpetual inventory system.
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Quizplus · Accepted Answer

This is because in a perpetual inventory system, the cost of goods sold is continuously updated as each sale is made and the cost of each item sold is removed from inventory. Thus, the cost of goods sold is always up-to-date, and recorded at the time of sale.

At the Time Inventory Is Sold,cost of Goods Sold Is