Question: Short Answer ( 5 points ) 1 9 . Briefly explain the differences between perpetual and periodic inventory systems. Include in your answer how and

Short Answer

(5

points

)

19 .

Briefly explain the differences between perpetual and periodic inventory systems. Include in your answer how and when Cost of Goods Sold is recorded in each system.

2

Short Answer (5 points) 19. Briefly explain the differences between perpetual

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