Question: For each statement below, identify whether the statement applies to the periodic inventory system, the perpetual inventory system, or both. Periodic inventory system, Perpetual inventory

For each statement below, identify whether the statement applies to the periodic inventory system, the perpetual inventory system, or both.
Periodic inventory system, Perpetual
inventory system, or Both?
a. Normally used for relatively inexpensive goods.
b. Keeps a running computerized record of merchandise inventory.
c. Achieves better control over merchandise inventory.
d. Requires a physical count of inventory to determine the quantities on hand.
e. Uses bar codes to keep up-to-the-minute records of inventory.
For each statement below, identify whether the statement applies to the

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