7. Which statement is true? a. The Products and Services List contains a file for each type of inventory system. b. The perpetual inventory system values the inventory after every purchase and sale of inventory items. c. The type of inventory system does not impact inventory methods. d. The periodic inventory system values the inventory continuously based on a physical count of the merchandise.
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The statement is not true. The Products and Services List does not contain a file for each type of inventory system. It is a list of the products and services offered by a company. b. The statement is true. The perpetual inventory system does value the inventory Show more…
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