Business, 03.03.2020 00:02 dallisjuhnke

For each statement below, identify whether the statement applies to the periodic inventory system, the perpetual inventory system, or both.

(a) Normally used for relatively inexpensive goods.
(b) Keeps a running computerized record of merchandise inventory.
(c) Achieves better control over merchandise inventory.
(d) Requires a physical count of inventory to determine the quantities on hand.
(e) Uses bar codes to keep up-to-the-minute records of inventory.

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For each statement below, identify whether the statement applies to the periodic inventory system, t...

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