Explain why, when a company uses average cost method with a periodic inventory system, the cost of

Question:

Explain why, when a company uses average cost method with a periodic inventory system, the cost of goods sold and ending inventory costs are different from the amounts calculated when using the average cost method with a perpetual inventory system.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...