Which statement relating to the determination of the cost of inventory in a computerised system is not true?
A) Computerised inventory systems are now used by most firms.
B) The system can automatically produce reorder information.
C) Computerised systems generally use the periodic inventory system.
D) Determining the cost of inventory is greatly simplified compared to a manual system.

Question

Quizplus · Accepted Answer

In fact, computerized systems generally use the perpetual inventory system, which provides real-time tracking of inventory levels and cost of goods sold.

Which Statement Relating to the Determination of the Cost of Inventory