Multiple Choice
Which of the following are characteristics of a perpetual inventory system?
A) Management knows how much inventory is on hand at all times.
B) Purchases of inventory are recorded to the inventory account.
C) The computer tracks inventory upon a sale and the cost of goods and inventory are immediately updated.
D) All of these answer choices are characteristics of a perpetual inventory system.
Correct Answer:
Verified
Correct Answer:
Verified
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