Which method will result in the same cost of goods sold amount whether it is computed using the periodic inventory system or the perpetual inventory system?
A)LIFO
B)Weighted average cost
C)FIFO
D)None of the above because periodic and perpetual inventory systems always produce different amounts.

Question

Quizplus · Accepted Answer

Only the LIFO and weighted average calculations differ between periodic and perpetual inventory systems.FIFO and specific identification results will be the same using either a perpetual or periodic system.

Which Method Will Result in the Same Cost of Goods