A perpetual inventory system O A. is used only for inexpensive goods B. keeps a running record of all goods C. can be maintained only with computer software OD. does not require a physical count at the end of the fiscal year his Question: 1 pt 2 of 5 (1 complete) When prices are rising, the ending inventory balance reported on a weighted-average basis is generally O A. equally likely to be higher or lower on a weighted average basis as opposed to a FIFO basis B. equal to ending inventory reported on a FIFO basis C. lower than on a FIFO basis OD. greater than on a FIFO basis The following data for Fern's Florist Shop shows the first seven months of its fiscal year: (Click the icon to view the data.) What is the estimated ending inventory? O A. $38,700 B. $65.590 c. $63,410 D. $90,300 Data Beginning inventory Purchases Net sales revenue Normal gross margin percent $53,500 75,500 93,700 30% Print Done