Smith Co. keeps a continuous record of their inventories and costs of goods. This is an example of a:

Name: Smith Co. keeps a continuous record of their inventories and costs of goods. This is an example of a:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A perpetual inventory system records transactions in real-time, providing ongoing, up-to-date inventory records. This description matches the scenario given in the question. The other options do not accurately describe this type of inventory system.

Smith Co Keeps a Continuous Record of Their Inventories and Costs