Multiple Choice
One difference between periodic and perpetual inventory systems is:
A) Cost of goods sold is not recorded under a perpetual system until the end of the period.
B) Cost of goods sold is not recorded under a periodic system until the end of the period.
C) Cost of goods sold is always significantly higher under a perpetual system.
D) Cost of goods sold is always significantly higher under a periodic system.
Correct Answer:

Verified
Correct Answer:
Verified
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