The specific identification method and the FIFO method produce the same results under both the perpetual and periodic inventory systems.

Name: The specific identification method and the FIFO method produce the same results under both the perpetual and periodic inventory systems.
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Under both the perpetual and periodic inventory systems, the specific identification method and the FIFO method produce the same results because both methods track the cost of each individual item of inventory.

The Specific Identification Method and the FIFO Method Produce the Same