The costs of an automated perpetual inventory system are considerable because they include the costs of automating the system,maintaining the system,and taking a physical inventory.
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Q17: Inventory methods such as LIFO and FIFO
Q18: Merchandise inventory is valued on the balance
Q19: Goods held on consignment should be included
Q20: Goods in transit shipped FOB shipping point
Q21: In periods of falling prices,LIFO will result
Q23: Periodic and perpetual are examples of inventory
Q24: The LIFO method agrees with the actual
Q25: The specific identification method and the FIFO
Q26: In periods of rising inventory prices,the LIFO
Q27: Ending merchandise inventory for LIFO will be
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