Question

In a periodic inventory system, the quantity of ending inventory is determined by:

Answer 1

In a periodic inventory system, the quantity of ending inventory is determined by "physical inventory count".

A physical inventory might be ordered by budgetary or financial accounting rules or the expense directions to put an exact value on the inventory, or the business may need to count stock so segment parts or crude materials can be restocked.

Answer 2

In a periodic inventory system, the quantity of ending inventory is determined by: a physical inventory count. Periodic inventory is an inventory system which records supplies periodically. This makes less hassle to the one doing the inventory since it does not require to take an effort much in tallying unlike in the perpetual inventory system