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what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?
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what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?

User Ocelot
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Answer: With a periodic system, cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made.

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User Natwar Singh
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