When using the weighted-average inventory costing method,the dollar amounts for ending inventory and cost of goods sold are the same for both the perpetual and periodic inventory costing methods.

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Quizplus · Accepted Answer

Under the weighted-average inventory costing method, the dollar amounts for ending inventory and cost of goods sold can differ between the perpetual and periodic systems because the timing of when costs are averaged varies between the two methods. In a perpetual system, the average cost is recalculated after each purchase, while in a periodic system, it is calculated at the end of the period.

When Using the Weighted-Average Inventory Costing Method,the Dollar Amounts for Ending