Which of the Following Statements Concerning Cost Formulas in a Periodic

question 25

Multiple Choice

Which of the following statements concerning cost formulas in a periodic inventory system is correct?

• A) The results under FIFO in a periodic system are the same as in a perpetual system.
• B) In a periodic system using weighted average, the latest units purchased before each sale are allocated to the cost of goods sold.
• C) In a periodic system using the weighted average cost formula, a new weighted average is calculated after each purchase.
• D) The results under weighted average in a periodic system are the same as in a perpetual system.

---

Definitions:

Borderline Personality Disorder

A mental health disorder characterized by pervasive instability in moods, behavior, self-image, and functioning, often leading to impulsive actions and unstable relationships.

Anorexia Nervosa

A psychological and potentially life-threatening eating disorder characterized by an extremely low body weight, an intense fear of gaining weight, and a distorted perception of body shape and weight.

Schizophrenia

A mental disorder characterized by distorted thinking, perceptions, emotions, language, sense of self, and behavior.

Prenatal Viral Infection

Refers to a virus contracted by the fetus during pregnancy, potentially causing various developmental disorders.