During Periods of Rising Prices,when the FIFO Inventory Cost Flow

question 4

Multiple Choice

During periods of rising prices,when the FIFO inventory cost flow method is used,a perpetual inventory system would

• A) not be permitted.
• B) result in a higher ending inventory than a periodic inventory system.
• C) result in the same ending inventory as a periodic inventory system.
• D) result in a lower ending inventory than a periodic inventory system.

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