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Which of the following is true of perpetual inventory system? The implementation of perpetual inventory system incurs less cost. Transportation cost is debited to purchases

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Which of the following is true of perpetual inventory system? The implementation of perpetual inventory system incurs less cost. Transportation cost is debited to purchases account. Inventory amounts are unknown both in total and individually. Ending inventory is determined by a physical count. It is designed to maintain updated figures for inventory

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