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3 Cards in this Set
- Front
- Back
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2 types of Inventory Systems
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1)Periodic
2)Perpetual |
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Periodic System
(Physical Count) |
Inventory is counted periodiclaly and then priced. Ending Inventory is recorded in the COGS entry
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Perpetual
(Supermarket) |
products are scanned and the inventoy is updated perpetually
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