Business, 23.04.2020 15:24 tatskuntz1

In a periodic inventory system, the formula used in computing the cost of goods sold may be summarized as follows:

A) Beginning inventory purchases - ending inventory.
B) Beginning inventory purchases - net sales.
C) Ending inventory purchases - net sales.
D) Balance in the Cost of Goods Sold account, less the balance in the Inventory Shrinkage account.

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