For each of following businesses, provide your recommendation for the type of inventory system (perpetual or periodic).

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For each of following businesses, provide your recommendation for the type of inventory system (perpetual or periodic). In making this recommendation, consider three criteria: (i) the feasibility of tracking inventory continuously under the perpetual system, (ii) the benefits of such tracking, and (iii) the costs of using the perpetual system.
a. A supermarket that has 10,000 products and inventory turnover of 50 times per year.
b. An ice cream store that makes its only products on site and sells by the scoop.
c. A car dealership.
d. An electronics store.
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Intermediate Accounting

ISBN: 978-0132612111

Volume 1, 1st Edition

Authors: Kin Lo, George Fisher

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