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  2. Examples of perpetual inventory system include12345:
    • Using wireless barcode scanners in a grocery store to record all scanned transactions immediately.
    • A post office warehouse that scans and records every delivered parcel to update inventory levels.
    • Metro company purchasing washing machines and recording transactions in real-time.
    • Journal entries for purchases, inbound freight costs, and sales in a perpetual inventory system.
    • Businesses growing to scale, accessing new technology, or dealing with employee training or turnover may choose to use perpetual inventory systems.
    Learn more:
    The most common perpetual inventory system example is the usage of wireless barcode scanners in a grocery store. It records all scanned transactions on the system immediately as they occur. This way, firms can easily compute the current and required stockpile.
    www.wallstreetmojo.com/perpetual-inventory-system/
    To understand perpetual inventory systems better, it is worth considering an example. Consider a perpetual inventory system that is used in a post office warehouse, which ships and receives packages each day. Every parcel that is delivered is first scanned, after which the balance is added to the current inventory levels.
    www.financestrategists.com/accounting/managem…
    For further explanation of the concept of perpetual inventory system, consider the following example: Example: (1). On 1st April 2013, Metro company purchases 15 washing machines at $500 per machine on account. The supplier allows a discount of 5% if payment is made within 10 days of purchase.
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    The following example contains several journal entries used to account for transactions in a perpetual inventory system:

    • 1. To record a purchase of $1,500 of widgets that are stored in inventory:
    www.accountingtools.com/articles/perpetual-invent…

    Examples of when to use a perpetual inventory system

    • Growing to scale A business that is rapidly growing might choose to use a perpetual inventory system because periodic inventory has become too physically cumbersome. ...
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