The expenditures account equals the amount of supplies purchased during a period under which of the following inventory methods?

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Under the purchases method, expenditures are debited when supplies are received. Expenditures are charged for purchases made during the year and at the end of the year the supplies inventory and Nonspendable Fund Balance are adjusted to reflect actual supplies on hand. The expenditure account reflects the amount of supplies purchased during the year.

The Expenditures Account Equals the Amount of Supplies Purchased During