Question 1when perpetual inventory records are kept the, Ask an Expert

Management Studies

Question: 1."When perpetual inventory records are kept, the results under the FIFO and LIFO methods are the same as they would be in a periodic inventory system." Do you agree? Explain?

2. How does the average-cost method of inventory costing differ between a perpetual inventory system and a periodic inventory system?

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Management Theories, Management Studies

Category:- Management Theories
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