During the year, a company purchases inventory on account for sale to customers. The company records...

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During the year, a company purchases inventory on account for sale to customers. The company records the purchase (under a perpetual inventory system) to: Multiple Choice Cost of Goods Sold for the expected selling price Inventory for the total cost of the items Inventory for the expected selling price During the year, a company purchases inventory on account for sale to customers. The company records the purchase (under a perpetual inventory system) to: Multiple Choice Cost of Goods Sold for the expected selling price Inventory for the total cost of the items Inventory for the expected selling price

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