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)each time a sale occurs.

Name: 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)each time a sale occurs.
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Question

Quizplus · Accepted Answer

In a perpetual inventory system, the cost of goods sold is recorded each time a sale occurs, as the system continuously updates inventory records.

In a Perpetual Inventory System, Cost of Goods Sold Is