The periodic inventory system is normally used for relatively inexpensive goods.

Name: The periodic inventory system is normally used for relatively inexpensive goods.
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Quizplus · Accepted Answer

The periodic inventory system is often used for inexpensive goods because it is less costly to implement and maintain compared to a perpetual inventory system, which is more suitable for high-value items due to its continuous tracking of inventory transactions.

The Periodic Inventory System Is Normally Used for Relatively Inexpensive