Final answer:
Inventory accounting systems that have been made much more feasible as a result of computer systems developments include the perpetual inventory system, just-in-time inventory system, and periodic inventory system.
Step-by-step explanation:
One inventory accounting system that has been made much more feasible as a result of computer systems developments is the perpetual inventory system. This system involves continuously updating records of inventory levels in real time using computer software. With the use of barcodes and scanners, each item can be scanned at the time of sale or receipt, allowing for accurate and up-to-date inventory information. This helps businesses track inventory levels, reduce errors, and streamline the overall inventory management process.
Another inventory accounting system that has benefited from computer systems developments is the just-in-time (JIT) inventory system. JIT inventory management involves ordering and receiving inventory only when it is needed, minimizing the amount of inventory held in stock. With the help of computer systems, businesses can accurately analyze demand patterns, track supplier performance, and automate the ordering process. This allows for more efficient inventory management and reduces carrying costs associated with excess inventory.
Lastly, the use of computer systems has greatly improved the accuracy and efficiency of the periodic inventory system. This system involves physically counting and valuing inventory at specific intervals, such as monthly or annually. Computer software can now automate this process by using barcode scanning technology, reconciling sales and purchases data, and generating accurate inventory reports. This eliminates the need for manual calculations and reduces the risk of errors in inventory valuation.