Question
Karen runs a small bakery with only two products on offer, whole meal slices and burger buns. She currently uses periodic inventory system but she
Karen runs a small bakery with only two products on offer, whole meal slices and burger buns. She currently uses periodic inventory system but she has been advised by her son to switch to a perpetual inventory system. She doesn’t see the relevance of it and understands that there are advantages of periodic inventory system to perpetual inventory system given the size of her business. Provide three advantages of periodic inventory system for Karen’s business.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
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