If unit costs and prices did not fluctuate,specific identification,LIFO,FIFO,and weighted-average would show the same ending inventory and cost of goods sold balances.

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If unit costs and prices did not fluctuate, all four methods (specific identification, LIFO, FIFO, and weighted-average) would result in the same ending inventory and cost of goods sold balances. This is because there would be no differences in the costs assigned to the inventory items under each method. However, in reality, unit costs and prices do fluctuate, which can result in different ending inventory and cost of goods sold balances under each method.

If Unit Costs and Prices Did Not Fluctuate,specific Identification,LIFO,FIFO,and Weighted-Average