Historically, perpetual inventory systems have been used to account for inventory items with a low unit cost.

Name: Historically, perpetual inventory systems have been used to account for inventory items with a low unit cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Perpetual inventory systems are systems where inventory levels are continuously tracked and updated in real-time. They are commonly used for high-cost inventory items, as the cost of implementing and maintaining a perpetual system may not be justifiable for low-value items.

Historically, Perpetual Inventory Systems Have Been Used to Account for Inventory