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What types of companies use periodic inventory?

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What types of companies use periodic inventory? What types of companies use perpetual inventory? What are the similarities and differences between periodic and perpetual inventory systems? How does each method impact the inventory and cost of sales calculations?

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This solution discusses the types of companies that use periodic and perpetual inventory systems in 187 words.

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The types of companies that use the periodic inventory system are retails business or those company whose inventory value is small and the quantity produce and sold are large in number. The types of companies that use the perpetual inventory system, on the other hand, are the ...

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