There is no difference in the value of ending inventory if a company uses perpetual FIFO as opposed to periodic FIFO.

Name: There is no difference in the value of ending inventory if a company uses perpetual FIFO as opposed to periodic FIFO.
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Quizplus · Accepted Answer

Under both perpetual FIFO and periodic FIFO accounting methods, the ending inventory is valued at the most recent costs, so there is no difference in the value of ending inventory between the two methods.

There Is No Difference in the Value of Ending Inventory