An advantage of the perpetual inventory system is that a physical count of inventory is unnecessary. The

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An advantage of the perpetual inventory system is that a physical count of inventory is unnecessary. The periodic method requires a physical count to compute cost of goods sold.” Do you agree? Explain.

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 09:45 AM

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An advantage of the perpetual inventory system is that a physical count of inventory is unnecessary. The

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It is true that the periodic method requires a physical count to measure cost of g...View the full answer

Introduction to Financial Accounting

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