Perpetual Inventory System. Present a detailedexplanation of the recording of pu

Perpetual Inventory System. Present a detailedexplanation of the recording of purchases under a perpetualinventory system. Use hypothetical figures to illustrate theperpetual inventory system. After presenting your hypotheticalfigures discuss how a perpetual inventory system is different froma periodic inventory system. Your answer should illustrateunderstanding of the perpetual inventory system. Respond to atleast two of your classmates posts.