In a perpetual inventory system,the merchandise inventory account reflects the cost of goods available for sale.

Name: In a perpetual inventory system,the merchandise inventory account reflects the cost of goods available for sale.
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In a perpetual inventory system, the merchandise inventory account is updated continuously to reflect the cost of goods available for sale, which includes both the beginning inventory and any purchases made during the accounting period.

In a Perpetual Inventory System,the Merchandise Inventory Account Reflects the Cost