Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) Under a periodic system, the inventory account is only updated once per period.
B) Under a perpetual system, the inventory account is only updated once per period.
C) Cost of goods sold computed under a periodic system would be higher than under a perpetual system.
D) The value of inventory computed under a periodic system would be lower than under a perpetual system.