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  3. Study Set
    Accounting Study Set 1
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    Exam 6: Accounting for Retailing
  5. Question
    The P___________ Inventory System Is a Shortcut System That Determines
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The P___________ Inventory System Is a Shortcut System That Determines

Question 3

Question 3

Short Answer

The p___________ inventory system is a shortcut system that determines cost of sales by taking a physical count of inventory and assuming any goods not on hand have been sold.

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