Accounting MCQ Inventory Cost Flow Cost of goods sold is the same under a periodic system as under a perpetual system when an entity uses

Cost of goods sold is the same under a periodic system as under a perpetual system when an entity uses

Naim 00:01 Inventory Cost Flow

Cost of goods sold is the same under a periodic system as under a perpetual system when an entity uses

A. FIFO
B. LIFO
C. Weighted average
D. Specific identification

Answer: A. FIFO

Learn More :

If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.

Subscribe to: Post Comments (Atom)