Under the last-in, first-out method, the amount of cost of goods sold calculated using the perpetual inventory system will differ from the amount calculated using the periodic inventory system.

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Under the LIFO method, the cost of goods sold is calculated by assuming that the last items purchased are the first items sold. This means that the cost of goods sold will be based on the most recent prices of inventory. In the perpetual inventory system, inventory is updated in real-time, which means that the cost of goods sold will reflect the most recent prices of inventory items. In contrast, the periodic inventory system updates inventory at the end of a certain period, which means that the cost of goods sold will be based on the average cost of all inventory during that period. Therefore, there will be a difference in the amount of cost of goods sold calculated using these two inventory methods.

Under the Last-In, First-Out Method, the Amount of Cost of Goods