If Companies Have Identical Inventoriable Costs but Use Different Inventory

question 147

Multiple Choice

If companies have identical inventoriable costs but use different inventory cost flow methods when the price of goods has not been constant, then the

• A) cost of goods sold of the companies will be identical.
• B) cost of goods available for sale of the companies will be identical.
• C) ending inventory of the companies will be identical.
• D) net income of the companies will be identical.

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