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    Business
  3. Study Set
    Accounting for Business
  4. Exam
    Exam 4: Recording Transactionsthe Journal and Ledger Accounts
  5. Question
    In a Perpetual Inventory System, an End of Period Inventory
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In a Perpetual Inventory System, an End of Period Inventory

Question 21

Question 21

True/False

In a perpetual inventory system, an end of period inventory count and valuation is required to compute cost of sales.

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