Home Depot operates home-improvement stores across the country. Home Depot has a sophisticated perpetual inventory accounting system.

Requirements 

You are the manager of a Home Depot store in Fort Lauderdale, Florida. Write a one-paragraph business memo to a new employee explaining how the company accounts for the purchase and sale of merchandise inventory. Use the following heading for your memo.

Transcribed Image Text:

Date: To: New Employee From: Store Manager Subject: Home Depot's perpetual inventory accounting system