Question: When uning a periodic inventory sytem, which statement concerning the computation of cost of goods sold is correct? Purchnes reprewent cash paid for purchuses during

When uning a periodic inventory sytem, which statement concerning the computation of cost of goods sold is correct?
Purchnes reprewent cash paid for purchuses during the accounting period.
Freidht in is imnored.
The anount of ending inmentory is determined on the last dy- of the accourting period.
Cent of Goodi Avalutile for Sale inchades net purchues phas the onding inventory.
When uning a periodic inventory sytem, which

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