How are periodic and perpetual inventory systems different – Why does a merchandising company prepare a cost of goods section for the income statement?
How are periodic and perpetual inventory systems different – Why does a merchandising company prepare a cost of goods section for the income statement?
Periodic and Perpetual Inventory Systems VS Merchandise Inventory Methods.
Write: Make sure your response addressing the following questions is more than 265 words and that you include an in-text citation or a brief quote from the reading material where appropriate. How are periodic and perpetual inventory systems different – Why does a merchandising company prepare a cost of goods section for the income statement? Provide an example of a perpetual cost of goods section. Explain the four merchandise inventory methods and provide an example for each. How are financial statements affected by using the four different methods?
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