Under the _____ inventory method, accounting records maintain a continuously updated inventory value.

A) retail
B) periodic
C) physical
D) perpetual

Perpetual Inventory

An inventory management system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Periodic System

An accounting method used for tracking inventory where updates to the inventory account are made periodically, typically at the end of an accounting period.