The periodic inventory method is the most expensive method of maintaining records.

Question

Quizplus · Accepted Answer

The periodic inventory method is actually the least expensive method of maintaining records. This is because it only requires a physical inventory count to be taken at the end of a certain period to determine the cost of goods sold, rather than continuously tracking inventory levels throughout the year. This makes it a more cost-effective option for small businesses with low inventory levels.

The Periodic Inventory Method Is the Most Expensive Method of Maintaining