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Find quarters of the way through an accounting period

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Reference no: EM132524658

Question 1: If a company were using a perpetual inventory system, the balance in its inventory account three- quarters of the way through an accounting period would be equal to

Option a) the total of the beginning inventory plus goods purchased during the accounting period

Option b) the inventory on hand at the beginning of the period

Option c) the amount of inventory on hand at that date

Option d) the amount of goods purchased during the period

Reference no: EM132524658

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