Inventory Systems Q Perpetual provides a continuous record of: The amount of inventory on hand. Cost of goods sold to date. Q Periodic requires a physical count of goods to determine. The amount of inventory on hand Cost of goods sold. Task Team of FUNDAMEnTAL ACCOUNTING Business School. Sun Yat sen University 1010 t Perpetual provides a continuous record of: The amount of inventory on hand. Cost of goods sold to date. tPeriodic requires a physical count of goods to determine: The amount of inventory on hand. Cost of goods sold