Question: True or False: The mathematical equation that represents the natural flow of transactions into and out of the inventory account (under the periodic inventory methods)

True or False: The mathematical equation that represents the natural flow of transactions into and out of the inventory account (under the periodic inventory methods) is: Beginning Inventory + Purchases In + Freight In + Other Costs - Purchase Discounts - Purchase Returns and Allowances = Cost of Goods Available for Sale - Cost of Goods Sold = Ending Inventory True False

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