The Perpetual Inventory System Records Additions to Inventory as Inventory

question 23

Multiple Choice

The perpetual inventory system records additions to inventory as inventory is manufactured or purchased and deletions from inventory as inventory is sold.But it does not record

• A)obsolete items
• B)one time special purchases
• C)inventory shrinkage
• D)inventory rebates
• E)inventory returns
• F)both A and C
• G)both B and D
• H)both D and E