Explain why it isn't possible to calculate cost of goods sold when a periodic inventory control system

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Explain why it isn't possible to calculate cost of goods sold when a periodic inventory control system is used if the inventory isn't counted.

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Question Posted: Feb 26, 2015 11:13 AM

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Explain why it isn't possible to calculate cost of goods sold when a periodic inventory control system

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A periodic inventory system doesnt keep track of goods removed from inventory As a ...View the full answer

Financial Accounting A Critical Approach

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