The following amounts are always known under which inventory costing system? $\begin{array}{llll}&\text { Current inventory} & \text { Cost of goods sold} & \text { Inventory shrinkage }\\hline
\text { a. } & \text { Periodic } & \text { Periodic } & \text { Perpetual } \
\text { b. } & \text { Perpetual } & \text { Perpetual } & \text { Periodic } \
\text { c. } & \text { Perpetual } & \text { Perpetual } & \text { Perpetual } \
\text { d. } & \text { Periodic } & \text { Periodic } & \text { Periodic }
\end{array}$

Question

The following amounts are always known under which inventory costing system? $\begin{array}{llll}&\text { Current inventory} & \text {  Cost of goods sold} & \text {  Inventory shrinkage }\\hline
\text { a. } & \text { Periodic } & \text { Periodic } & \text { Perpetual } \
\text { b. } & \text { Perpetual } & \text { Perpetual } & \text { Periodic } \
\text { c. } & \text { Perpetual } & \text { Perpetual } & \text { Perpetual } \
\text { d. } & \text { Periodic } & \text { Periodic } & \text { Periodic }
\end{array}$

Quizplus · Accepted Answer

The Answer of The following amounts are always known under which inventory costing system? $\begin{array}{llll}&\text { Current inventory} & \text {  Cost of goods sold} & \text {  Inventory shrinkage }\\hline
\text { a. } & \text { Periodic } & \text { Periodic } & \text { Perpetual } \
\text { b. } & \text { Perpetual } & \text { Perpetual } & \text { Periodic } \
\text { c. } & \text { Perpetual } & \text { Perpetual } & \text { Perpetual } \
\text { d. } & \text { Periodic } & \text { Periodic } & \text { Periodic }
\end{array}$

The Following Amounts Are Always Known Under Which Inventory Costing