Multiple Choice
A perpetual inventory system offers all of the following characteristics except:
A) it is less expensive than a periodic system.
B) inventory balances are always current.
C) it helps salespeople determine whether there is a sufficient supply on hand to fill the customer orders.
D) it enhances internal control.
E) All of the above are characteristics of a perpetual inventory system.
Correct Answer:

Verified
Correct Answer:
Verified
Q110: The two main types of inventory systems
Q111: Two separate errors affected Source Documenting in
Q112: Under the FIFO method,ending inventory is valued
Q113: Fortune Company had sales during July 20X3
Q114: Biscuit Bakery had the following activity
Q115: There is no difference in the value
Q116: Financial analysts and managers use the gross
Q117: At the year-end,the perpetual inventory system
Q118: If a company using a periodic inventory
Q120: An increase in the replacement cost of