Assertion: inventory's cost | /r/HasProperty | sold account
Facets:
value: with each sale
type: TEMPORAL
Source sentences:
text: Under the perpetual system, there are continual updates to the cost of goods sold account as each sale is made.
text: Under the periodic inventory system, the cost of goods sold is calculated in a lump sum at the end of the reporting period, by adding total purchases to the beginning inventory and subtracting ending inventory while the perpetual system allows continual updates to the cost of goods sold account with each sale.