Cost accounting systems used by manufacturing companies are based on the:

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Perpetual inventory systems provide real-time tracking of inventory levels, which is essential for efficient cost accounting in a manufacturing company. With perpetual inventory systems, costs can be assigned to specific inventory items as they are purchased or produced, making it easier to calculate the cost of goods sold and determine the cost of producing a particular product. Periodic inventory systems, finished goods inventories, weighted average inventories, and LIFO inventory systems may also be used by manufacturing companies, but they do not provide the same level of accuracy and real-time tracking as perpetual inventory systems.

Cost Accounting Systems Used by Manufacturing Companies Are Based on The