Why it so important to periodically take physical inventory

Assignment Help Operation Management

Reference no: EM133201750 , Length: Wrod Count: 500 words.

Discussion Post: FIFO and LIFO

1. Do the terms FIFO and LIFO refer to techniques used in determining quantities of the various classes of merchandise on hand?

2. Why is it so important to periodically take a physical inventory when using a perpetual inventory system? Does the physical inventory always match the perpetual inventory? Explain why or why not.

Reference no: EM133201750

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