Which of the Following Statements Concerning Cost Formulas in a Periodic

question 84

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

---

Definitions:

Affirmative Consent

Explicitly saying yes to any sexual behavior with another person.

Lack Of Resistance

A situation in which someone does not oppose or resist something, sometimes indicating consent or acquiescence.

No Means No

A phrase emphasizing that refusal or denial does not require justification and should be respected, often used in the context of sexual consent.

Consent

The agreement between participants to engage in a specific activity, given freely and willingly, and can be withdrawn at any time.