A modern perpetual inventory system ________.
A) records the quantity, but not the cost, of merchandise inventory on hand
B) achieves better control over inventory
C) eliminates the need for a physical count of inventory
D) is required by U.S. GAAP.

Question

Quizplus · Accepted Answer

A modern perpetual inventory system achieves better control over inventory by continuously tracking inventory levels and costs, allowing for real-time inventory management and more accurate financial information.

A Modern Perpetual Inventory System ________