If a company is using a perpetual inventory system,the balance in its inventory account three-quarters of the way through an accounting period would be equal to:

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In a perpetual inventory system, the inventory account is continuously updated as goods are bought and sold. Therefore, the balance in the inventory account at any point in time represents the value of inventory on hand at that date. So, the balance in the inventory account three-quarters of the way through an accounting period would be equal to the amount of inventory on hand at that date.

If a Company Is Using a Perpetual Inventory System,the Balance