Under a periodic inventory system a. merchandise inventory is debited when goods are returned to vendors b. a physical inventory is taken at the end of the period c. a separate account for each type of merchandise is maintained in a subsidiary ledger d. accounting records continuously disclose the amount of inventory QUESTION 21 The primary objectives of control over inventory are a safeguarding inventory from damage and reporting inventory in the financial statements b. reporting inventory in the financial statements c. maintaining constant observation of the inventory and reporting inventory in the financial statements d safeguarding the ingentory from damage and maintaining constant observation of the inventory