Question

Pristine products, a wholesaler, uses a periodic inventory system. at year-end, pristine conducts a physical inventory count to determine

Answer 1

how much of their company's merchandise is being sold, how much of it has been damaged, how much has gone out of style or is out of season. Once the inventory is taken, Pristine products should be able to project how much product needs to be manufactured and sold going forward so that they do not work at a loss of profits.