Lyon Co. has used a perpetual inventory system for 6 months. The president of the company issued
Question:
Lyon Co. has used a perpetual inventory system for 6 months. The president of the company issued a memo stating that the new computer system failed to deliver acceptable standards in servicing the customers and that too many goods are out of stock. Fran, Lyon's accountant, blames the computer department and tells the president to fire the head of that department. The president wants to return immediately to a periodic inventory system. You make the call. Write down your recommendations to the president.
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