Question: Many stores, such as hardware stores, carry so many relatively low-cost items that keeping a perpetual inventory record for each separate item is not practical.

Many stores, such as hardware stores, carry so many relatively low-cost items that keeping a perpetual inventory record for each separate item is not practical. When the salesperson rings up a sale, a record is made of the [cost of sales / sales revenue] but not the [cost of sales /

sales revenue].

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