Question 32 2.85714 points Save Answer ECW, Inc. is beginning its first year of operations and is considering whether ECW should use the perpetual or periodic inventory systems. ECW asks you to explain the differences between the two systems. Which of the following statements is TRUE regarding the different systems. The perpetual system provides better control over inventories than the periodic system. Customers are not allowed to return goods when a company uses the perpetual system. If ECW uses the perpetual system, ECW will NOT know the value of its inventory at all times. I ECW uses the perpetual inventory system, the general ledger account for "inventory will have a normal balance of a credit When using the perpetual system, ECW's cost of goods sold account in the general ledger will decrease as each sale is recorded