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Good morning. I find it interesting that you mention the perpetual inventory making errors. Do...

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Accounting

Good morning. I find it interesting that you mention the perpetual inventory making errors. Do you think the benefits outweigh the costs of using a perpetual inventory system over the periodic inventory system? Why or why not? And, secondly, do you think a physical inventory count should be performed by companies using the perpetual inventory system. If so, how often should this be performed?

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