A book or perpetual inventory system allows gross margins to be calculated with a cost method of accounting system.

Name: A book or perpetual inventory system allows gross margins to be calculated with a cost method of accounting system.
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Question

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A book or perpetual inventory system tracks inventory in real-time, allowing for cost of goods sold to be calculated and therefore gross margins to be calculated with a cost method of accounting system.

A Book or Perpetual Inventory System Allows Gross Margins to Be