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    Financial Accounting Study Set 31
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    Exam 5: Accounting for Merchandising Operations
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    In a Perpetual Inventory System, Cost of Goods Sold Is
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In a Perpetual Inventory System, Cost of Goods Sold Is

Question 12

Question 12

Multiple Choice

In a perpetual inventory system, cost of goods sold is recorded


A) on a daily basis.
B) on a monthly basis.
C) on an annual basis.
D) with each sale.

Correct Answer:

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