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Which point in accounting for inventory in perpetual system

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Reference no: EM132643977

Problem 1: At which point in accounting for inventory in a perpetual system is determining the cost of goods sold amount an issue?

Option 1: When the inventory is acquired.

Option 2: As the inventory is carried in the warehouse and held for sale.

Option 3: As the ending inventory is counted.

Option 4: As the inventory is sold.

Reference no: EM132643977

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