when the periodic inventory system is used

when the periodic inventory system is used refers to a method of inventory management where inventory levels are updated at specific intervals, typically at the end of an accounting period. The when the periodic inventory system is used is ideal for businesses with low turnover or where frequent inventory counts are not feasible. Under this system, inventory and cost of goods sold are determined at periodic intervals, allowing businesses to track inventory and manage stock efficiently. Understanding when the periodic inventory system is used can help businesses optimize their inventory processes and make more informed purchasing decisions.