Under a perpetual inventory system, the following is determined each time a sale occurs:
A)Gross Profit.
B)Cost of Goods Sold.
C)Purchases.
D)Accounts Receivable.

Question

Quizplus · Accepted Answer

Under a perpetual inventory system, the Cost of Goods Sold (COGS) is determined each time a sale occurs. This system continuously updates inventory records, including COGS, to reflect sales and purchases in real time.

Under a Perpetual Inventory System, the Following Is Determined Each