Witt Company, Like Most Manufacturers, Maintains a Continuous Record of Purchases

Multiple Choice

Witt Company, like most manufacturers, maintains a continuous record of purchases, materials issued into production and balances of all goods in stock, so that inventory valuation data is available at any time. This is an example of a(n)

A) perpetual inventory system.
B) inventory control account.
C) periodic inventory system.
D) inventory cost method.