Under the perpetual inventory system, why is the cost of goods sold not determined by deducting the ending inventory from goods available for sale, as it is under the periodic method ...

Under the perpetual inventory method the cost of goods sol ...

Under the perpetual inventory system, why is the cost of goods sold not determined by deducting the

Question:

Under the perpetual inventory system, why is the cost of goods sold not determined by deducting the from goods available for sale, as it is under the periodic method?

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...