For companies that use a perpetual inventory system, all of the following are purposes for taking a physical inventory except to: A)check the accuracy of the records. B)determine the amount of wasted raw materials. C)determine losses due to employee theft. D)determine ownership of the goods.

Question

Quizplus · Accepted Answer

In a perpetual inventory system, the ownership of goods is continuously tracked through the system, so a physical inventory is not needed to determine ownership.

For Companies That Use a Perpetual Inventory System, All of the Following