A well-designed computerized system of perpetual inventory master files includes information about the:
A)units of inventory purchased, sold, and on hand.
B)unit costs of inventory purchased, sold, and on hand.
C)units of raw materials, work-in-process, and finished goods.
D)units and unit costs of inventory purchased, sold, and on hand.

Question

Quizplus · Accepted Answer

A well-designed computerized system of perpetual inventory master files should include information about both the units and unit costs of inventory purchased, sold, and on hand. This allows for accurate tracking of inventory levels and valuation, as well as effective cost management and decision-making. Including information about the types of inventory (raw materials, work-in-process, finished goods) may also be useful, but is not essential for a perpetual inventory system.

A Well-Designed Computerized System of Perpetual Inventory Master Files Includes