Question: When using a periodic inventory system, which statement concerning the computation of cost of goods sold is correct? O Cost of goods available for sale

When using a periodic inventory system, which statement concerning the computation of cost of goods sold is correct? O Cost of goods available for sale includes net purchases plus the ending inventory. The amount of ending inventory is determined on the last day of the accounting period, O Purchases represent cash paid for purchases during the accounting period. Freight-in is ignored

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