Which of the following is a continuously updated computerized record of inventory items purchased, used, sold, and on hand for merchandise, raw materials, and finished goods?
A) job cost system
B) standard cost records
C) cost accounting records
D) perpetual inventory master file

Question

Quizplus · Accepted Answer

A perpetual inventory master file is a continuously updated computerized record of inventory items purchased, used, sold, and on hand for merchandise, raw materials, and finished goods. The other options (job cost system, standard cost records, and cost accounting records) are types of cost accounting systems and do not specifically refer to inventory tracking.

Which of the Following Is a Continuously Updated Computerized Record