6 of 15 -71 NN View Policies Current Attempt in Progress Which of the following is not an advantage of using a perpetual inventory system instead of a periodic inventory system? It provides more up-to-date information for decision-making. O A cost of goods sold figure can be obtained at any point in time during the period. An estimate of the number of units on hand can be obtained at any point in time during the period. There is no need to do a physical inventory count. 8 of 15 - / 1 NM III View Policies Current Attempt in Progress The most appropriate cost formula for inventory purposes for an exotic car dealership is first-in, first-out (FIFO). weighted-average. specific identification. any of the above are appropriate as long as the choice is discussed in the notes. 9 of 15 > -71 III View Policies Current Attempt in Progress A company is concerned that its high-valued inventory can be easily stolen from its warehouse facility, so it has implemented all but which one of the following procedures? Physical locks for the warehouse receiving and shipping doors. Employee password card access to the warehouse. Regular inventory counts of all goods in the warehouse. Assigned responsibility for security to a trustworthy employee. 9 of 15 > -71 III View Policies Current Attempt in Progress A company is concerned that its high-valued inventory can be easily stolen from its warehouse facility, so it has implemented all but which one of the following procedures? Physical locks for the warehouse receiving and shipping doors. Employee password card access to the warehouse. Regular inventory counts of all goods in the warehouse. Assigned responsibility for security to a trustworthy employee