Ask Question
23 March, 04:22

When identical units of an item are purchased at different costs,

a. an inventory cost flow method must be used under a perpetual inventory system only.

b. an inventory cost flow method must be used under both a perpetual and a periodic inventory system.

c. an inventory cost flow method is not used under either a perpetual or a periodic inventory system.

d. an inventory cost flow method must be used under a periodic inventory system only?

+5
Answers (1)
  1. 23 March, 07:28
    0
    When identical units of an item are purchased at different costs: an inventory cost flow method must be used under both a perpetual and a periodic inventory system.

    A perpetual inventory system will update your inventory on hand after each sale or purchase of inventory is made. A periodic inventory system is updated periodically, meaning, a company will give a time period they would like their sales and purchases to update in and the system will perform that. Both systems are great for a business but it's their option of how they are generated.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When identical units of an item are purchased at different costs, a. an inventory cost flow method must be used under a perpetual inventory ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers