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    sh, Loomba, CJohnson, Santos,J, Hover,David, RichOkumoto, Lilly, Chang,Chi-Wen, ChiWenChang, Buck, Buck,Carroll, Mohsenzgdan, Clinch,Nanette, Ahuja,Y, ZHANG,YULIN, BillieGrosvenor, Splane,Mike, Aggarwal,Nitin, NitinAggarwal, Ratcliffe,Barbara, Albert,Leslie, Burkhard,Richard, DHAR, Dhar,Subhankar, ASHIRANI, LARRYGEE, Gee,Larry, EdmundLam, Davis,Ashley, LIngraham, INGRAHAM, He,Daoping, Calegari,Mary, Ben Anderson, YaoTian, MoschettiJr,Thomas, Catherine Lycurgus, Devincenzi,William, McWilliams,Mallory, Zhang,Jian, kenfowler, garycastro, Merz,Michael, Havens,Donald, Vitale,Robert, Fadiman,Jeffrey, Onkvisit,Sak, Staff, Makani,Betty, Louie,Therese, Vilates, Corio,Stephen, Agarwal, Bechkoff,Jennifer, Miwa Merz, gillis, Denzeler,David, Tianqin (Kelly) Shi, Zhou,Shu, zhou, InAeYang, Virick,Meghna, desilva, stanmalos, TimothyBrown, Zachary,Bill, WELLS, Wells,Pamela, Pollard,Rolanda, Doty,Leonidas, WalterVanHoof, Fishel,Charles, Stross,Randall, Campsey,B.J., BahramParineh, Reza,Ali, Xu,Xiaoyan, Jones,Frank, Pagani,Marco, FrankJones, cho, Cho,Jang, Fu,Jinyi, Bennet,Steven, Vuorikoski-Bullis,Anu, LauraRoden, Grace,Elizabeth, Pantos,Themistoclis, Quan, Basu,A, Rolanda Pollard, Schubert,Richard, manning, Brannan,MaryYoko, AlakaRao, Sridar,Ramamurti, SMITH, Inamdar,Syeda, Ahuja,Suresh, oliveryu, PROFESSORNOTKNOWN,, Shoanantian, Wilson,M, robertwood, WJIANG, GeorgeWhaley, Steingart,R, MKALLIS, Rajan,M, Gaines,J, NCLINCH, Jiang,W, Webb,G, Osland,J, Zaima,J, LOOMBA,A, Unknown, WilliamJiang, Fruin,W, inae yang, trinh, RamamurtiSridar, PamelaWells
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  • 42 terms

    Term:

    Perpetual inventory system

    Definition:

    Perpetual- maintain detailed records of the cost of each inventory purchase and sale. Records continuously show inventory that should be on hand. Company determines cost of goods sold each time a sale occurs. Traditionally used for merchandise with high unit values. Provides better control over inventories. Requires additional clerical work and additional cost to maintain inventory records. company determines cost of goods sold each time a sale occurs.

    • Midterm 2
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    • Vocabulary for Midterm 2. Find, create, and access Accouning 1, flashcards with Course Hero.

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