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-   -   COGS in periodic system (https://www.askmehelpdesk.com/showthread.php?t=290425)

  • Dec 9, 2008, 08:26 PM
    stefansofian
    COGS in periodic system
    Is there COGS account in periodic system's trial balance?
  • Dec 10, 2008, 02:35 PM
    pready

    In the Periodic Inventory System COGS = Beginning Inventory + Net Purchases - Ending Inventory.

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