A perpetual inventory system requires the capability of recording the cost of the goods sold in individual sales transactions.

Name: A perpetual inventory system requires the capability of recording the cost of the goods sold in individual sales transactions.
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Question

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In a perpetual inventory system, the cost of goods sold is recorded in individual sales transactions as compared to a periodic inventory system where the cost of goods sold is calculated at the end of the accounting period.

A Perpetual Inventory System Requires the Capability of Recording the Cost