In a periodic inventory system, cost of goods sold is not recorded as each sale occurs.

Name: In a periodic inventory system, cost of goods sold is not recorded as each sale occurs.
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In a periodic inventory system, cost of goods sold is calculated at the end of the period by subtracting the ending inventory from the beginning inventory and adding the purchases made during the period. It is not recorded as each sale occurs.

In a Periodic Inventory System, Cost of Goods Sold Is