9. A retаil cоmpаny uses а perpetual inventоry system that cоntinuously updates its inventory records after purchases and sales. Management is deciding whether the company should still perform a physical inventory count at year-end. What is the primary reason for performing the physical count? 1. To determine the selling price of every inventory item 2. To replace the perpetual inventory records 3. To identify shrinkage, damage, and recording errors 4. To determine which inventory method is legally required Instructions to students: Type in the correct number. Do not type in a decimal after inputting the number.