Which Cost Formula Will Produce the Same Results Under Both

question 46

Multiple Choice

Which cost formula will produce the same results under both the periodic and perpetual inventory systems?

• A)FIFO
• B)weighted-average
• C)They both produce the same results.
• D)They both produce different results.

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Definitions:

Rational

Pertaining to a number or expression that can be expressed as the quotient or ratio of two integers.

Square Root

The number that produces a specified quantity when multiplied by itself (e.g., the square root of 9 is 3).

Exponents

A mathematical notation indicating the number of times a quantity is multiplied by itself.

Evaluate

To calculate the numerical value or simplify an expression.