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When Preparing an Unadjusted Trial Balance Using a Periodic Inventory

Question 181

Multiple Choice

When preparing an unadjusted trial balance using a periodic inventory system,the amount shown for merchandise inventory is:


A) The ending inventory amount.
B) The beginning inventory amount.
C) Equal to the cost of goods sold.
D) Equal to the cost of goods purchased.
E) Equal to the gross profit.

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