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Which the periodic inventory system is used

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Reference no: EM132739265

Problem 1: The periodic inventory system is used most commonly by companies that sell

a. high-priced,high-volume merchandise.

b. high-priced, low-volume merchandise.

c. low-priced, high-volume merchandise.

d. low-priced, low-volume merchandise.

Problem 2: Which of the following is not considered an operating expense?

a. Administrative expenses

b. Advertising expense

c. Cost of goods sold

d. Transportation out

Reference no: EM132739265

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