Why is it necessary that the costs are based on a periodic inventory assumption, and not perpetual?

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Posted Date: May 31, 2022 08:02 AM

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Why is it necessary that the costs are based on a periodic inventory assumption, and not perpetual?

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Answer iBecause This allows the company to compare the two counts to the quantity recorded in the sy... View the full answer

Financial Accounting A Critical Approach

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