When valuing ending inventory under a perpetual inventory system, the
A) valuation using Average is the same as the valuation using Average under the periodic inventory system.
B) Average cost method requires that a new average unit cost be calculated after every sale.
C) valuation using FIFO is the same as the valuation using FIFO under the periodic inventory system.
D) most recent units purchased during the period using FIFO are allocated to the cost of goods sold when units are sold.

Question

Quizplus · Accepted Answer

The Answer of When valuing ending inventory under a perpetual inventory system, the
A) valuation using Average is the same as the valuation using Average under the periodic inventory system.
B) Average cost method requires that a new average unit cost be calculated after every sale.
C) valuation using FIFO is the same as the valuation using FIFO under the periodic inventory system.
D) most recent units purchased during the period using FIFO are allocated to the cost of goods sold when units are sold.

When Valuing Ending Inventory Under a Perpetual Inventory System, the