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Saved Help Save & Exit If inventory is updated perpetually, which of the equations is...

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Accounting

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If inventory is updated perpetually, which of the equations is correct?
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Cost of goods sold = Beginning inventory - Purchases - Ending inventory
Ending inventory = Beginning inventory + Purchases - Cost of goods sold
Cost of goods sold = Beginning inventory + Purchases + Ending inventory
Ending inventory = Beginning inventory + Purchases + Cost of goods sold
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