The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be:

Question

Quizplus · Accepted Answer

FIFO (First-In, First-Out) method will always produce the same amount for cost of goods sold regardless of whether a periodic or perpetual inventory system is used, because it assumes that the oldest inventory items are sold first, which does not change with the timing of inventory calculation.

The Inventory Method That Will Always Produce the Same Amount