Under the Perpetual System, Ending Inventory and Cost of Goods

question 15

True/False

Under the perpetual system, ending inventory and cost of goods sold will be the same when FIFO inventory costing method is used.

---

Definitions:

Blood Clot

Coagulated phase of blood.

Multipolar Neuron

One of three categories of neurons consisting of a neuron cell body, an axon, and two or more dendrites.

Dendrite

The branched projections of a neuron that act to propagate the electrochemical stimulation received from other neural cells to the cell body, or soma, of the neuron.

Nucleus Of Neuron

The central part of a neuron containing the cell's genetic material and involved in regulating the cell's metabolism and protein synthesis.