A perpetual inventory system requires the company only determine the cost of goods sold at the end of the accounting period.

Name: A perpetual inventory system requires the company only determine the cost of goods sold at the end of the accounting period.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A perpetual inventory system continuously tracks inventory transactions, updating the cost of goods sold and inventory levels in real time, not just at the end of the accounting period.

A Perpetual Inventory System Requires the Company Only Determine the Cost