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answer borh questions Discuss the following: - Explain the following concepts: In a perpetual inventory system, the unit costs of the inventory items are known

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Discuss the following: - Explain the following concepts: "In a perpetual inventory system, the unit costs of the inventory items are known at the date of each sale. In a periodic inventory system, the unit costs of the inventory items are known only at the end of an accounting period," - Compare and contrast the main features, accounting treatment, and strengths and weaknesses of the perpetual and periodic inventory systems

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