The perpetual inventory method is used in a cost accounting system.

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The perpetual inventory method is a system of tracking inventory levels on a continuous basis, which is often used in cost accounting systems. It involves updating inventory records with every purchase, sale, or return, so that managers can have real-time data on the quantity and value of their inventory. This allows them to make more informed decisions about ordering, pricing, and production, and can also help prevent stockouts, overstocks, and other inventory-related issues.

The Perpetual Inventory Method Is Used in a Cost Accounting