1.Consider the features of perpetual inventory and respond to the following:
- Discuss the advantages and disadvantages of accounting for inventory under the perpetual inventory system.
- The advantages and disadvantages of accounting for inventory under the perpetual inventory system are accurately identified and explained with pertinent examples.
2.Consider the features of accounting for inventory and respond to the following:
- What are the effects of inventory errors?
- The effects of inventory errors are accurately identified and explained with pertinent examples