The Perpetual Inventory Method Cannot Be Used in a Job

question 54

True/False

The perpetual inventory method cannot be used in a job order cost system.

---

Definitions:

Intentional Tort

An Intentional Tort is a civil wrong resulting from an intentional act on the part of the tortfeasor (wrongdoer) that causes harm to another.

Felony

A serious crime, typically one punishable by imprisonment for more than one year or by death.

Negligence

A failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to causing harm or damage.

Battery

An intentional unconsented physical contact or use of force against another person, causing harm or offense.