Question: A ___ inventory system updates its records at the end of the period based on actual physical inventory counts, whereas a _inventory system updates its

A _______________ inventory system updates its records at the end of the period based on actual physical inventory counts, whereas a _____________inventory system updates its records after every inventory purchase and sale.

Group of answer choices

FIFO, LIFO

LIFO, FIFO

perpetual, periodic

periodic, perpetual

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Question: A _______________ inventory system updates its records at the end of the period based on actual physical inventory counts, whereas a _____________inventory system updates its

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Question: A ___ inventory system updates its records at the end of the period based on actual physical inventory counts, whereas a _inventory system updates its