How are periodic and perpetual inventory systems different?

Periodic and Perpetual Inventory Systems VS Merchandise Inventory Methods

Make sure your response addressing the following questions is more than 265 words and that you include an in-text citation or a brief quote from the reading material where appropriate.

How are periodic and perpetual inventory systems different?

Why does a merchandising company prepare a cost of goods section for the income statement?

Provide an example of a perpetual cost of goods section.

Explain the four merchandise inventory methods and provide an example for each.

How are financial statements affected by using the four different methods?

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