Periodic versus Perpetual Inventory Systems The Zen Bootist manufactures sheepskin slippers, mittens, gloves, jackets, and leather sandals to sell at craft fairs and similar events. The majority of the company's transactions occur over the winter gift-giving season. As the business has grown, the owner has become concerned about how to account for certain items and has asked your advice about whether to use the periodic or perpetual inventory system. What do you say? Exercises