What is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?

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asked Apr 19, 2022 93.8k views

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Natwar Singh · Answer 1 · 2022-04-25T07:41:25+0000

Answer: With a periodic system, cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made.

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What is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?

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