Under the Perpetual Inventory System an Inventory Variance Can Be

question 54

Multiple Choice

Under the perpetual inventory system an inventory variance can be calculated as the difference between:

• A) the total purchases for the period and the ending inventory balance.
• B) beginning inventory less ending inventory.
• C) the balance of the inventory account in the ledger and the total of the physical stocktake.
• D) None of these options. An inventory loss cannot be calculated using the perpetual inventory system.

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Definitions:

Expanding

This refers to the process of increasing in size, volume, quantity, or scope.

Health-related

Pertains to aspects of health and wellbeing, including physical, mental, and social factors.

Possible Selves

Representations of what individuals could become, what they would like to become, and what they are afraid of becoming.

Depressed

A mental state characterized by feelings of sadness, loss of interest, and a lack of pleasure in life, often associated with a variety of mental health disorders.