Mini Practice Set The Fantastic Dress Shop Reviewing the Accounting Cycle for a Merchandise Company This practice set will help you review all the key concepts of a merchandise company, using the perpetual method of inventory valuation along with the integration of payroll, including the preparation of Form 941. Because you are the professional bookkeeper for the Fantastic Dress Shop, we have gathered the following information for you. It will be your task to complete the account- ing cycle for March using the knowledge and skills that you have acquired in this course. The company uses the perpetual inventory method.