IDSB04H3 : ch 6 7 last part

one use of inventory is

(a) To ensure that item cost is maximized

(b) To tightly synchronize a firm's production with its customers' demand

(c) To tightly synchronize production and distribution processes

(d)  To provide a hedge against inflation

The journal entry for the purchase of inventory on the account using the perpetual inventory system is

A. Debit purchases and credit account payable

B. Credit purchases and debit account payable

C. The subtraction of merchandise inventory and account payable.

D. Credit both purchases and account payable