Which statement on inventory and inventory systems is not correct? O inventory is typically held for sale not internal use and is the largest asset on the balance sheet of an inventory-driven company O under the periodic inventory system, Cost of Goods Sold is determined by conducting a physical count of ending inventory on the shelf and then subtracting that amount from total available for sale in a period inventory will impact the results of both working capital and the cash gap O under the perpetual method system there is usually no period end adjusting entry because any inventory acquisition or sale is recorded in the inventory account O Each of these statements regarding inventory is correct