Which Costing Method Will Produce Different Results Under Perpetual and Periodic

question 69

Multiple Choice

Which costing method will produce different results under perpetual and periodic systems?

• A)Specific identification
• B)Average-cost
• C)FIFO
• D)Both FIFO and specific identification

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Definitions:

Convergent Validity

A method of demonstrating construct validity by correlating a test with some other well-known measure or instrument.

GREs

The Graduate Record Examinations, a standardized test that is an admissions requirement for many graduate schools in the United States and other countries.

Graduate School

An advanced academic institution that offers post-graduate education and research opportunities in specialized fields.

Predictive Validity

The extent to which a test accurately forecasts or predicts the future performance or behavior of individuals on related tasks.