Question and answer
Under the periodic inventory system, the merchandise inventory and the cost of goods sold for current period are determined Answer A. when a physical inventory is taken. B. on a daily basis. C. each time of sale of merchandise is made. D. each time a purchase of merchandise for resale is made.
Under the periodic inventory system, the merchandise inventory and the cost of goods sold for current period are determined when a physical inventory is taken.
emdjay23|Points 1578|
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Asked 6/7/2013 10:48:12 AM
Updated 287 days ago|8/12/2018 11:52:27 PM
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This answer has been confirmed as correct and helpful.
Confirmed by matahari [8/12/2018 11:52:26 PM], matahari [8/12/2018 11:52:27 PM]
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