Question about discount/99 cent stores and cost of goods sold

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Question about discount/99 cent stores and cost of goods sold

Just curious about something I noticed the other day. I walked into a local discount store and bought some household stuff. This was a pretty big store with 1,000s and 1,000s of different items stacked up on shelves, aisle after aisle, kind of like an overflowing warehouse. Anyway, when I went to check out I noticed they had old school cash registers - NOT a POS system that scans each item sold.

So the question that popped in my head (from accounting classes years ago): how on earth do they track their ending inventory when having to calculate COGs? It would be nearly impossible to go through the whole store and physically count each item to add up the ending inventory numbers for a given period.

submitted by /u/PatternLevel9798
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