Under the Perpetual Inventory System an Inventory Variance Can Be

question 9

Multiple Choice

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

• A) the periods purchases and ending inventory balance.
• B) the ledger balance of the inventory account and the total of the physical stocktake.
• C) inventory at start less inventory at end.
• D) an inventory loss cannot be calculated using the perpetual inventory system.

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Definitions:

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