I understand the recommended method for periodic inventory is to post purchases to an asset account throughout the year and then debit COGS/credit the asset account for the difference between beginning and ending inventory value at the end of the year. My company actually posts all purchases to multiple COGS accounts (e.g. Resale Product Expense) and has multiple asset accounts (e.g., Resale Product Inventory) which are set up with Other Current Assets Detail Type instead of Inventory since our products are set up as Non-inventory. What journal entries should we make at the end of the year once physical inventory is valued? Thanks!