In a periodic inventory system, the ending inventory can be determined from the accounting records, and a physical count of the goods on hand will confirm the amount.

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In a periodic inventory system, the ending inventory is determined by conducting a physical count of the goods on hand. The accounting records only reflect purchases and sales during the period, and the ending inventory balance is calculated by subtracting the cost of goods sold from the beginning inventory balance and purchases, which may not accurately reflect the actual amount of inventory on hand.

In a Periodic Inventory System, the Ending Inventory Can Be