Cycle counts involve periodic testing of the accuracy of the perpetual inventory records.

Name: Cycle counts involve periodic testing of the accuracy of the perpetual inventory records.
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Question

Quizplus · Accepted Answer

Cycle counts are conducted to test the accuracy of perpetual inventory records by randomly counting a sample of items in inventory and comparing the count to the recorded quantity in the system. This helps ensure that the recorded inventory levels are accurate and reliable.

Cycle Counts Involve Periodic Testing of the Accuracy of the Perpetual