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Control of Inventories Hardcase Lupgoge Shop is a small retail establishment located in a large shopping mall. This shop has implemented the folloning procedures regarding

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Control of Inventories Hardcase Lupgoge Shop is a small retail establishment located in a large shopping mall. This shop has implemented the folloning procedures regarding inventory items: a. Because the shop carnes mostly high-quality, designer luggage, all inventory items are tagged with a control device that activates an alarm if a tagged item is removed from the store. b. Because the display area of the store is limited, only a sample of each piece of higpape is kept on the selling floot Whenever a customer selects a piece of luggage, the salesclerk gets the appropnate piece from the store's stockroom. Because all solesclerks need access to the stockroom, it is not locked. The stockroom is adjacent to the break room used by all mall employees. c. Whenever Hardcase receives a shipment of new inventory, the items are taken directly to the stockroom. Hatdcose's accountant uses the vendor's invouce to tecord the amount of inventory recelved. Determine whethec each of these procedures as appropriate or ingppropriate and select the response below. Triple Creek Hardware Store currently uses a periodic inventory system. Kevin Cariton, the owner and sole stockholder, is considering the purchase of a computer system that would make it feasible to switch to a perpetual inventory system. Kevin is unhappy wht the periodic inventory system becasse is does not provide timely nformation on inventory levels. Kevin has noticed an several oxcaspons that the store nuns out of good-selling items, while too many poot-ielling hems are on hand. closed on the doy inventory is taken. Kevin beliews that closing the store is the anly way to get an accurate inventory count. a. Wil switctina to a perpetual inventory syatem strenothen Trpile Creek Hardmare's control over inventory dems? b. Will switchina to a perpetual inventory syuen elinainge the need for a physical invemtary count

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