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    stefansofian's Avatar
    stefansofian Posts: 1, Reputation: 1
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    #1

    Dec 9, 2008, 08:26 PM
    COGS in periodic system
    Is there COGS account in periodic system's trial balance?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 10, 2008, 02:35 PM

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