Cost of goods sold is determined only at the end of the acco

Cost of goods sold is determined only at the end of the accounting period in a perpetual inventory system. a periodic inventory system. both a perpetual and a periodic inventory system. neither a perpetual nor a periodic inventory system.

Solution

Answer

a periodic inventory system

the periodic inventory system is in a perpetual inventory system and the periodic inventory system cost of merchandise sold in counted onces in a period generally at the end of period in periodic inventory system