If a Company Is Using a Perpetual Inventory System,the Balance

question 36

Multiple Choice

If a company is using a perpetual inventory system,the balance in its inventory account three-quarters of the way through an accounting period would be equal to:

• A) the total of the beginning inventory plus goods purchased during the accounting period
• B) the inventory on hand at the beginning of the period
• C) the amount of inventory on hand at that date
• D) the amount of goods purchased during the period

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