Which of the Following Is Not True for a Company

question 36

Multiple Choice

Which of the following is not true for a company using a periodic inventory system?

• A)Cost of goods sold is calculated for each sale.
• B)Cost of goods sold is calculated at the end of the accounting period.
• C)A physical inventory count is performed at the end of the accounting period.
• D)Cost of goods available for sale is calculated at the end of the accounting period.

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