The following are true of a periodic inventory system except that______.A．under a periodic

The following are true of a periodic inventory system except that______.

A．under a periodic inventory system, cost of goods sold and ending stock are determined at the end of the accounting period

B．a periodic inventory system is generally used when the stock consists of a large number of relatively low cost items

C．a periodic inventory system has the advantage of providing cost of goods sold and stock on hand at any time during the period

D．under a periodic inventory system, a physical stock count should be taken at least once in the accounting period, usually at the end of the accounting period