In a periodic inventory system, when is the cost of the merchandise sold determined?

In a periodic inventory system, when is the cost of the merchandise sold determined?

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 In a periodic inventory system, when is the cost of the merchandise sold determined?






At the time of the sale


 


At the end of the period


 


Periodically during the period


 


Either at time of sale, end of period or periodically during the period

 
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