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Which the cost of goods sold account is used

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Reference no: EM132694582

Question 1: In a perpetual inventory system, the Cost of Goods Sold account is used

Option 1: only when a cash sale of merchandise occurs.

Option 2:  when a sale of merchandise occurs.

Option 3:  there is a sale of merchandise or a return of merchandise sold.

Option 4: only when a credit sale of merchandise occurs.

Reference no: EM132694582

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