Question: A modern perpetual inventory system ________. Question content area bottom Part 1 A. records the quantity, but not the cost, of merchandise inventory on hand

A modern perpetual inventory system ________. Question content area bottom Part 1 A. records the quantity, but not the cost, of merchandise inventory on hand B. eliminates the need for a physical count of inventory C. achieves better control over inventory D. is required by U.S. GAAP

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