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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
  5. Question
    Cost of Goods Sold, in a Periodic Inventory System, Is
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Cost of Goods Sold, in a Periodic Inventory System, Is

Question 165

Question 165

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Cost of goods sold, in a periodic inventory system, is determined by adding the cost of goods purchased to the ending inventory.

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