In a perpetual inventory system cost of goods sold is recorded

A) on a daily basis.
B) on a monthly basis.
C) on an annual basis.
D) with each sale.

Question

In a perpetual inventory system cost of goods sold is recordedA)  on a daily basis.B)  on a monthly basis.C)  on an annual basis.D)  with each sale.

Annie Navarro · Accepted Answer

Final Answer : D, Explanation :  In a perpetual inventory system, cost of goods sold is recorded with each sale as the system updates the inventory and cost of goods sold accounts in real-time.

In a perpetual inventory system cost of goods sold is recorded

A) on a daily basis.
B) on a monthly basis.
C) on an annual basis.
D) with each sale.

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Learning Objectives

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