In a Periodic Inventory System the Quantity of Ending Inventory

question 16

Multiple Choice

In a periodic inventory system the quantity of ending inventory is determined by

• A)subtracting units sold from units purchased.
• B)a physical inventory count.
• C)looking at the balance in the inventory account.
• D)subtracting cost of goods sold from the beginning inventory balance.
• E)adding units sold to the beginning inventory balance.

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