Ouestion 12-Chlow to meducation.coned/map/indechtml?con consternal brood amework QS 4-16A Contrasting periodic and perpetual systems LO P5 Identify whether each description best applies to a periodic or a perpetual inventory system Description Records cost of goods sold each time a sales transaction occurs b. Provides managers with information on inventory levels at the end of each period only c. Gives managers immediate access to detailed up-to-date information on inventory d. Records an accounting entry each time inventory is sold e. The merchandise inventory balance remains unchanged during the period