During periods of rising prices,when the FIFO inventory cost flow method is used,a perpetual inventory system would

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Quizplus · Accepted Answer

Under both perpetual and periodic inventory systems, the FIFO (First-In, First-Out) method calculates ending inventory based on the costs of the most recent purchases. Therefore, the timing of inventory calculation does not affect the ending inventory value in periods of rising prices when using FIFO, leading to the same ending inventory under both systems.

During Periods of Rising Prices,when the FIFO Inventory Cost Flow