Periodic inventory systems are used most commonly by companies that sell low-priced, high-volume merchandise.
What do you mean by Periodic inventory systems?
Periodic inventory systems may be defined as a strategy of inventory valuation in which a material count of inventory is executed at specific intervals.
Periodic inventory systems regularly updated their inventory balance to analyze their expenditure, profit, and loss.
Therefore, periodic inventory systems are used most commonly by companies that sell low-priced, high-volume merchandise.
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