for each statement below, identify whether the statement applies to the periodic inventory system, the…

for each statement below, identify whether the statement applies to the periodic inventory system, the perpetual inventory system, or both\n\nperiodic inventory system, perpetual inventory system, or both?\n a. normally used for relatively inexpensive goods.\n b. keeps a running computerized record of merchandise inventory.\n c. achieves better control over merchandise inventory.\n d. requires a physical count of inventory to determine the quantities on hand.\n e. uses bar codes to keep up - to - the - minute records of inventory.

for each statement below, identify whether the statement applies to the periodic inventory system, the perpetual inventory system, or both\n\nperiodic inventory system, perpetual inventory system, or both?\n a. normally used for relatively inexpensive goods.\n b. keeps a running computerized record of merchandise inventory.\n c. achieves better control over merchandise inventory.\n d. requires a physical count of inventory to determine the quantities on hand.\n e. uses bar codes to keep up - to - the - minute records of inventory.

Answer

Brief Explanations:

a. The periodic inventory system is often used for relatively inexpensive goods due to lower - cost record - keeping requirements. b. The perpetual inventory system keeps a running computerized record of merchandise inventory to track real - time changes. c. The perpetual inventory system provides better control as it gives immediate information about inventory levels. d. The periodic inventory system requires a physical count to determine the quantities on hand since it doesn't update continuously. e. The perpetual inventory system uses bar codes to maintain up - to - the - minute records of inventory for real - time tracking.

Answer:

a. Periodic inventory system b. Perpetual inventory system c. Perpetual inventory system d. Periodic inventory system e. Perpetual inventory system