During periods of rising prices, a perpetual inventory system would result in the same dollar amount of ending inventory as a periodic inventory system under which of the following inventory cost flow methods?

$\underline{\text{ FIFO}}$$~~~~~~~~$$~~~~~~~~$$\underline{\text{ LIFO }}$
A) Yes $~~~~~~~~$ $~~~~~~~~$ No
B) Yes$~~~~~~~~$ $~~~~~~~~~~$ Yes
C) No$~~~~~~~~$ $~~~~~ ~~~~$ Yes
D) No$~~~~~~~~$ $~~~~~~~~~~$ No

Question

During periods of rising prices, a perpetual inventory system would result in the same dollar amount of ending inventory as a periodic inventory system under which of the following inventory cost flow methods?

\underline{\text{ FIFO}}

~~~~~~~~

~~~~~~~~

\underline{\text{ LIFO }}

$\underline{\text{   FIFO}}$$~~~~~~~~$$~~~~~~~~$$\underline{\text{ LIFO  }}$  
A) Yes $~~~~~~~~$ $~~~~~~~~$  No
B) Yes$~~~~~~~~$ $~~~~~~~~~~$ Yes
C) No$~~~~~~~~$ $~~~~~ ~~~~$ Yes
D) No$~~~~~~~~$ $~~~~~~~~~~$  No

Quizplus · Accepted Answer

The Answer of During periods of rising prices, a perpetual inventory system would result in the same dollar amount of ending inventory as a periodic inventory system under which of the following inventory cost flow methods?

$\underline{\text{   FIFO}}$$~~~~~~~~$$~~~~~~~~$$\underline{\text{ LIFO  }}$  
A) Yes $~~~~~~~~$ $~~~~~~~~$  No
B) Yes$~~~~~~~~$ $~~~~~~~~~~$ Yes
C) No$~~~~~~~~$ $~~~~~ ~~~~$ Yes
D) No$~~~~~~~~$ $~~~~~~~~~~$  No

During Periods of Rising Prices, a Perpetual Inventory System Would FIFO‾\underline{\text{ FIFO}} FIFO​

During Periods of Rising Prices, a Perpetual Inventory System Would $\underline{\text{ FIFO}}$