Which costing method will produce different results under perpetual and periodic systems?
A)Specific identification
B)Average-cost
C)FIFO
D)Both FIFO and specific identification

Question

Quizplus · Accepted Answer

The average-cost method will produce different results under perpetual and periodic systems because the average cost per unit is recalculated differently in each system after every purchase under perpetual, but only at the end of the period under periodic.

Which Costing Method Will Produce Different Results Under Perpetual and Periodic