The use of computers has been a breakthrough for the perpetual inventory system. Many retail businesses use optical-scan cash registers to read barcodes. The scanners record the sale and, at the same time, update the inventory records with the of the sale.

Question

Quizplus · Accepted Answer

The perpetual inventory system relies on recording inventory transactions as they occur. Updating inventory records with the cost of the sale is essential in monitoring the cost of goods sold and the overall profitability of the business.

The Use of Computers Has Been a Breakthrough for the Perpetual