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If inventory is updated perpetually, which of the equations is correct?

by | Jan 11, 2025 | Posted Questions

If inventory is updated perpetually, which of the equations is correct? Cost of goods sold = Beginning inventory – Purchases – Ending inventory Cost of goods sold = Beginning inventory + Purchases + Ending inventory Ending inventory = Beginning inventory + Purchases – Cost of goods sold Ending inventory = Beginning inventory + Purchases + Cost of goods sold

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