FIFO will produce the same ending inventory result regardless of whether a periodic or perpetual inventory system is used.

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The FIFO (first in, first out) method is a consistent inventory valuation method that assumes the oldest goods are sold first. Regardless of whether a periodic or perpetual inventory system is used, the same FIFO method will result in the same ending inventory valuation.

FIFO Will Produce the Same Ending Inventory Result Regardless of Whether