Under the Perpetual Inventory System an Inventory Variance Can Be

Multiple Choice

Under the perpetual inventory system an inventory variance can be calculated as the difference between:

A) the total purchases for the period and the ending inventory balance.
B) beginning inventory less ending inventory.
C) the balance of the inventory account in the ledger and the total of the physical stocktake.
D) None of these options. An inventory loss cannot be calculated using the perpetual inventory system.