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For each statement below, identify whether the statement applies to the periodic inventory system, the perpetual inventory system, or both. a. Normally used for relatively inexpensive goods. b. Keeps a running computerized record of merchandise inventory c. Achieves better control over merchandise inventory d. Requires a physical count of inventory to determine the quantities on hande. Uses bar codes to keep up-to-the-minute records of inventory
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For each statement below, identify whether the statement applies to the periodic inventory system, t...
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