This is first-year university accounting, please answer quickly.

Question 23 point When a company uses the periodic inventory system in accounting for its merchandise inventory, which of the following is true? o Cost of goods sold is computed at the end of the accounting periods rather than at each sale. The inventory account is updated after each sale. The inventory account is updated throughout the year as purchases are made. 15 Purchases are recorded in the cost of goods sold account 18 Question 24 11 point)