Which of the following factors would suggest the use of a perpetual inventory system? Select one: a. A small company. O b. Inventory items with a high per-unit cost. c. A desire to minimize record-keeping requirements. d. Only annual reporting is required. Clear my choice Which of the following results in the cost of goods sold being stated at the most current acquisition costs? Select one: a. Average cost b. Specific identification c. FIFO O d. LIFO