Under the periodic method, the cost of goods available for sale will be the same under the weighted average cost or FIFO.

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In the periodic method, the cost of goods available for sale is calculated at the end of the accounting period. This amount is the same regardless of whether the weighted average cost method or FIFO method is used. However, the cost of goods sold and ending inventory values will differ between the two methods.

Under the Periodic Method, the Cost of Goods Available for Sale