Which of the following is NOT an advantage of the perpetual over the periodic inventory method?
A) A continuous record of inventory on hand is furnished.
B) Inventory theft is more likely to be detected.
C) Recording of inventory is less costly to monitor.
D) The perpetual inventory system provides a continuous record of cost of goods sold.

Question

Quizplus · Accepted Answer

The perpetual inventory system generally requires more monitoring and maintenance compared to periodic inventory, which can lead to higher monitoring costs. Therefore, option C is incorrect. All other options are advantages of the perpetual inventory system.

Which of the Following Is NOT an Advantage of the Perpetual