When Using the Periodic System the Physical Inventory Count Is

question 115

Multiple Choice

When using the periodic system the physical inventory count is used to determine

• A)only the sales value of goods in the ending inventory.
• B)both the cost of the goods in ending inventory and the sales value of goods sold during the period.
• C)both the cost of the goods sold and the cost of ending inventory.
• D)only the cost of merchandise sold during the period.

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Definitions:

I/O Modules

Components in a control system that interface with the external environment, handling input and output signals from sensors, actuators, and other field devices.

Program Scoped Tags

In programming, particularly within industrial automation systems, program scoped tags are variables defined within a program that are accessible only within the scope of that program, used for temporary storage or specific control tasks.

CLX Application

Software developed for use within the ControlLogix system, a platform by Rockwell Automation for industrial process control and automation.

Data Types

The classification of data based on the attributes and behaviors of the data, such as integer, string, or boolean, which defines the operations that can be performed on the data and how it is stored.