When the Perpetual Inventory System Is Used, the Inventory Sold

question 117

Multiple Choice

When the perpetual inventory system is used, the inventory sold is debited to

• A) Supplies Expense
• B) Cost of Goods Sold
• C) Inventory
• D) Sales

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Definitions:

Sex Pilus

A thin, tube-like structure used by some bacteria to transfer genetic material to another bacterium during conjugation, a form of sexual reproduction.

Gap Junctions

Specialized structures in animal cell membranes that allow for direct communication between cells through the passage of ions and molecules.

Tight Junction

Cell junction that fastens together the plasma membrane of adjacent epithelial cells; collectively prevent fluids from leaking between the cells. Composed of adhesion proteins.

Plasmodesma

Cell junction that forms an open channel between the cytoplasm of adjacent plant cells.