montoure company uses a perpetual inventory system
LectureNotes said that Montoure Company uses a perpetual inventory system.
Response:
In the context of inventory management, a perpetual inventory system involves continuously updating the inventory records to accurately reflect changes in stock levels. This system provides real-time information about inventory and helps businesses keep track of their stock on an ongoing basis. Montoure Company’s choice to use a perpetual inventory system indicates that they record all inventory-related transactions as they occur, allowing for greater visibility and control over their inventory levels. This method can lead to more accurate financial reporting, better decision-making, and improved inventory management overall.