Regarding a periodic inventory system which of the following

Regarding a periodic inventory system, which of the following statements is incorrect? O A. O B. O C. O D. Restaurants and small retail stores normally use the periodic inventory system. The physical count of inventory is required in order to determine the quantities on hand. Periodic inventory systems are becoming less and less popular. The periodic inventory system is normally used for relatively expensive goods.

Solution

Periodic inventory system is normally used for relatively inexpensive goods, not expensive goods. Option D is correct