1. Bar code scanners are often utilized when using this inventory system

The following characteristics are related to either periodic inventory or perpetual inventory systems. Match each characteristic with one of the following: Periodic inventory Perpetual inventory Both periodic and perpetual inventory Neither periodic nor perpetual inventory A physical count of goods on hand at year end is required. Inventory records are continuously updated. Purchases of inventory are recorded in an asset at the time of purchase. Bar code scanners are often utilized when using this inventory system. Periodic inventory Perpetual inventory Both periodic and perpetual inventory Neither periodic nor perpetual inventory