Explain why, when a company uses average cost formula with a periodic inventory system, the cost of
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Explain why, when a company uses average cost formula with a periodic inventory system, the cost of goods sold and ending inventory cost are different from the amounts calculated when using the average cost formula with a perpetual inventory system.
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In a perpetual system the average cost per item is recalculated every ...View the full answer
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119594574
8th Canadian Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
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