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Case 6.1 - It is large company with professional management...

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Case 6.1 A. Use periodic inventory system because: - Small retail store, run by owner - The business uses manual accounting system B. Use perpetual inventory system because: - High per unit cost: 5,000 – 50, 000/painting - Low volume of sale transaction: 3-4 paintings /week. C. Use perpetual inventory system because: - It is large company - Multiple locations: 4 central warehouses. D. Use perpetual inventory system because:
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Unformatted text preview: - It is large company with professional management.- Has a state-of-the-art computerized accounting system- Provide information about profitability. E. Use periodic inventory system because:- Small retail shop, run by owner.- Low-cost items- High volume of sale transaction. F. Use periodic inventory system because:- It is small company.- Large quantity - The product is low cost...
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