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Unformatted text preview: so often. The periodic method keeps track of inventory at the beginning of a period it then adds all purchases for that period to beginning inventory. This determines the cost of goods available for sale for this period. A smaller company that doesnt have the means to buy an electronic system such as a bar code system. I think the perpetual method of tracking inventory is the better of the two because there is less room for any errors when inventory is being tracked constantly. It also give a company better insight to what products are selling the best....
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This note was uploaded on 04/04/2012 for the course ACC 422 taught by Professor Susan during the Spring '08 term at University of Phoenix.
- Spring '08