The Inventory System That Does Not Keep a Running Record

question 32

Multiple Choice

The inventory system that does not keep a running record of all goods bought, sold, and on hand and- therefore-must take a physical count of the inventory on hand to determine the ending inventory is:

• A)the cost of goods sold inventory system.
• B)the periodic inventory system.
• C)the perpetual inventory system.
• D)all of the above.

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