Question: Question 17 (Mandatory) (1 point) Under both the periodic and perpetual inventory systems, a physical inventory count is taken to determine the cost of the

 Question 17 (Mandatory) (1 point) Under both the periodic and perpetual

Question 17 (Mandatory) (1 point) Under both the periodic and perpetual inventory systems, a physical inventory count is taken to determine the cost of the inventory on hand and the cost of the merchandise sold. True False

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