Question: To summarize, many entities [do / do not] keep track of individual items in inventory. They find their cost of sales by the process of

To summarize, many entities [do / do not] keep track of individual items in inventory. They find their cost of sales by the process of deduction

. This requires a [perpetual / physical] inventory. An automobile dealership finds its cost of sales directly from its [perpetual / physical]

inventory records.

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