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  3. Study Set
    College Accounting Study Set 2
  4. Exam
    Exam 11: Preparing a Worksheet for a Merchandise Company
  5. Question
    What Inventory Method Is Used When the Inventory Balance Is
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What Inventory Method Is Used When the Inventory Balance Is

Question 1

Question 1

Multiple Choice

What inventory method is used when the inventory balance is updated only at the end of the accounting period?


A) Periodic
B) Perpetual
C) Interim
D) Cost of Goods Sold

Correct Answer:

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