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perpetual inventory system. Identify whether each description best applies to a periodic or a Inventory system Description a. Markedly increased in frequency and popularity in
perpetual inventory system. Identify whether each description best applies to a periodic or a Inventory system Description a. Markedly increased in frequency and popularity in business within the past decade. b. Records cost of goods sold each time a sales transaction occurs. c. Provides more timely information to managers d. Updates the inventory account continually. e. Gives managers immediate access to detailed information on sales
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