Question: Under the perpetual inventory system an inventory variance can be calculated as the difference between: a.the period's purchases and the ending inventory balance b.the ledger

Under the perpetual inventory system an inventory variance can be calculated as the difference between:

a.the period's purchases and the ending inventory balance

b.the ledger balance of the inventory account and the total of the physical stock take

c. inventory at start less inventory at end

d. an inventory loss cannot be calculated using the perpetual inventory system

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