The assignment of costs to cost of goods sold and to inventory using specific identification is the same for both the perpetual and periodic systems.

Name: The assignment of costs to cost of goods sold and to inventory using specific identification is the same for both the perpetual and periodic systems.
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The method of specific identification for assigning costs to cost of goods sold and inventory is independent of the accounting system used, whether it is perpetual or periodic.

The Assignment of Costs to Cost of Goods Sold and to Inventory