The following amounts are always known under which inventory costing system? Current inventory Cost of goods sold Inventory shrinkage A)Periodic Periodic Perpetual B)Perpetual Perpetual Periodic C)Perpetual Perpetual Perpetual D)Periodic Periodic Periodic

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In a perpetual inventory system, current inventory and cost of goods sold amounts are continuously updated with each sale or purchase. Inventory shrinkage can also be identified and recorded as it occurs, making all three amounts always known.

The Following Amounts Are Always Known Under Which Inventory Costing