(Solution) If inventory is updated perpetually, which of the equations is correct?
If inventory is updated perpetually, which of the equations is correct? Cost of goods sold = Beginning inventory ? Purchases ? Ending inventory Cost of goods sold = Beginning inventory + Purchases + Ending inventory Ending inventory = Beginning inventory + Purchases ? Cost of goods sold Ending inventory = Beginning inventory + Purchases + Cost of goods sold
This question was answered on: May 23, 2022
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