The Following Amounts Are Always Known Under Which Inventory Costing

question 49

Short Answer

The following amounts are always known under which inventory costing system? $\begin{array}{llll}&\text { Current inventory} & \text { Cost of goods sold} & \text { Inventory shrinkage }\\\hline\text { a. } & \text { Periodic } & \text { Periodic } & \text { Perpetual } \\\text { b. } & \text { Perpetual } & \text { Perpetual } & \text { Periodic } \\\text { c. } & \text { Perpetual } & \text { Perpetual } & \text { Perpetual } \\\text { d. } & \text { Periodic } & \text { Periodic } & \text { Periodic }\end{array}$

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