CMRP Exam Dumps | Which inventory system requires regular physical inventory counts?

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SMRP.CMRP.v2025-05-12.q83
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Question 45/83

Which inventory system requires regular physical inventory counts?

A. Periodic

B. Perpetual

C. Both periodic and perpetual

D. Neither periodic nor perpetual

Correct Answer: C

Both the periodic and the perpetual inventory systems require regular physical inventory counts. In the periodic inventory system, the physical count occurs at the end of the accounting period. It is necessary for the calculation of cost of goods sold and the matching of physical count to inventory balance. The perpetual inventory system requires a physical count to identify inaccuracies in the perpetual records.
Employee theft and shoplifting can result in inventory inaccuracies.

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