Final answer:
Without specific information on Montour Company's inventory management practices, it is not possible to determine if they use a perpetual inventory system. This system updates inventory records in real-time, as opposed to a periodic system, but confirmation would need to be sought from the company's financial statements or operations management documentation.
Step-by-step explanation:
Whether Montour Company uses a perpetual inventory system cannot be determined without specific information about the company's inventory management practices. A perpetual inventory system is one where updates to the inventory records occur continuously as transactions happen in real-time. This is in contrast to a periodic inventory system where updates are made at certain intervals, typically at the end of an accounting period. Companies may choose a perpetual system due to its accuracy in inventory management, cost tracking, and its ability to provide immediate information about stock levels for decision-making purposes.
Unfortunately, without internal knowledge of Montour Company's inventory tracking methods or access to their financial statements or operations reports, we cannot confirm the type of inventory system they use. Typically, whether a company uses a perpetual or periodic inventory system would be documented in their accounting policies or discussed in their operations management.