a perpetual inventory system records cost of goods sold at the time of each sale. true or false true false

Answer:

True

Brief Explanations:

In a perpetual inventory system, the cost of goods sold is recorded immediately at the time of each sale. This is in contrast to a periodic inventory system, where the cost of goods sold is calculated and recorded at the end of an accounting period. The perpetual system provides real - time updates to inventory and cost of goods sold accounts, allowing for more accurate and timely tracking of inventory levels and sales costs.