Practice Question 6 Which of the following statements is correct? A periodic inventory system computes cost of goods sold each time a sale occurs. O A periodic inventory system provides better control over inventories than does a perpetual inventory system. OA perpetual inventory system provides better control over inventories than does a periodic inventory system A perpetual inventory system computes cost of goods sold only at the end of the accounting period. Click if you would like to Show Work for this question: Open Show Work TO Practice Question 7 Which inventory system will likely be used by a company with merchandise that has a high unit value? Deuble entry inventery system O Periodic inventory system Single entry inventory system Perpetual iventory system Click if you would like to Show Work for this question Qn ho