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How does periodic inventory work

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Reference no: EM132907969

Question 1: How does periodic inventory work and what accounts exist under this method.

Question 2: How does perpetual inventory work and what accounts exist under this method.

Question 3: The concept of COGS, please expand upon what this is, and why would/is COGS different between the two methods...

Question 4: As in a defined amount what does perpetual show that periodic does not and essential is that piece of information to the management of the company.

Reference no: EM132907969

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