For companies that use a perpetual inventory system, all of the following are purposes for taking a physical inventory except

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Quizplus · Accepted Answer

In a perpetual inventory system, the primary purposes of taking a physical inventory include checking the accuracy of the records, determining the amount of wasted raw materials, and determining losses due to employee theft. Determining ownership of the goods is not a direct purpose of taking a physical inventory in this context, as ownership should already be clear from the records and documentation of transactions.

For Companies That Use a Perpetual Inventory System, All of the Following