Which costing method will produce the same result under both a perpetual and periodic system?
A)Specific identification
B)Average-cost
C)FIFO
D)Both FIFO and specific identification

Question

Quizplus · Accepted Answer

Both FIFO and specific identification will produce the same result under both a perpetual and periodic system because they both track the cost of each individual unit of inventory.

Which Costing Method Will Produce the Same Result Under Both