Which of the Following Is True Under a Periodic System

question 58

Multiple Choice

Which of the following is true under a periodic system:

• A)A COGS expense is recognized each time a sale is made
• B)The inventory account is not updated with each purchase.
• C)Inventory shrinkage is easily identified.
• D)This system can be costly to implement.

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Definitions:

Earliest Due Date

A scheduling method that prioritizes tasks or orders based on the earliest due date.

Shop Floor Dispatching

The process of scheduling and controlling work and workloads on the manufacturing or production floor in real-time.

Time Available

The total amount of time that can be utilized for a specific purpose or task, often factoring in operational hours and capacity constraints.

Minimizing Completion Time

A scheduling objective aimed at reducing the total time taken to complete a set of tasks or projects.