Fabulous Furniture uses a periodic inventory system. Many purchases and sales of goods occur during the financial year. For Fabulous Furniture, the balance in the general ledger inventory account:

	a.	will usually be zero except at a balance sheet date.
	b.	does not change until a stocktake is carried out.
	c.	represents the goods on hand at any given point in time.
	d.	reports the goods purchased since the beginning of the accounting period.
	e.	none of the above.