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What a physical inventory must be done with a perpetual

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Reference no: EM132572991

Question 1: A physical inventory must be done with a perpetual inventory system because:

Group of answer choices

Option a: it is the method used to determine ending inventory balance and cost of goods sold.

Option b: the difference between physical count and the ending inventory amount in the system is shrinkage from theft or loss.

Option c: a physical inventory count need never be done with a perpetual inventory system.

Option d: Both a and b.

Option e: None of the above.

Reference no: EM132572991

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