When Preparing an Unadjusted Trial Balance Using a Periodic Inventory

question 181

Multiple Choice

When preparing an unadjusted trial balance using a periodic inventory system,the amount shown for merchandise inventory is:

• A)The ending inventory amount.
• B)The beginning inventory amount.
• C)Equal to the cost of goods sold.
• D)Equal to the cost of goods purchased.
• E)Equal to the gross profit.

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