Maria Lopez, CEO of Sales Bin Stores, is considering a recommendation made by both the company’s purchasing manager and director of finance that the company should invest in a sophisticated new perpetual inventory system to replace its periodic system. Explain the primary difference between the two systems, and discuss the potential benefits of a perpetual inventory system. Please research and explain the perpetual inventory system and the periodic inventory system. What are the advantages of the perpetual system over the periodic system? Provide examples to understand your explanation.
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