Question: The Periodic Inventory Method differs from the Perpetual Inventory Method in how it calculates the Cost of Goods Sold using cost flow assumptions. Can you

The Periodic Inventory Method differs from the Perpetual Inventory Method in how it calculates the Cost of Goods Sold using cost flow assumptions. Can you please explain the distinction?

PLEASE be SPECIFIC with your answer (no less than 150 words) so I can really grasp the information.

DO NOT PLAGIARIZE, I rate ALL off my answers.

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