A perpetual inventory system requires the capability of recording the cost of the goods sold for individual sales transaction.

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

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In a perpetual inventory system, the cost of goods sold is recorded for each individual sales transaction, allowing for a more accurate and up-to-date view of inventory and cost of goods sold.

A Perpetual Inventory System Requires the Capability of Recording the Cost